Analysis of the American session

Trades in the US session on Wednesday closed with the growth of the US dollar against a basket of competitors. The driver to the growth of the US dollar was the increase in risks around the US-Chinese trade war. As a result, the American dollar updated the extremums of the week against its main competitors. Additional support for the American dollar against the euro was provided by the information that in relation to Italy disciplinary measures could be taken in the amount of a fine of 3 billion euros due to the growth of public debt.

The American dollar update of the high against the majority of competitors confirmed keeping the upward dynamic on the US dollar. The US dollar index at the end of trading on Wednesday updated the high at 98.20, confirming the uptrend. The US dollar index was limited to overbought.

Fig. The US dollar index chart. The current price is 98.10 ( 10-year US government bonds yield is the blue line)

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Andre Green

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Earn with the help of the trade service on the news Erste News!

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