Analysis of the American session

The US trading session on Wednesday closed with a restrained strengthening of the American dollar on the comments of the US Federal Reserve representative Powell. Powell noted that the Fed is isolated from the Trump’s pressure and the US monetary policy will continue to adhere to the monetary policy that is needed.

Against this background, the dollar showed moderate growth, but was limited to another criticism of the Fed by Trump. As a result, the US dollar index closed Wednesday’s trading at the opening of the day, showing multidirectional dynamics, but maintaining an uptrend.

Fig. The US dollar index chart. The current price is 96.30 (10-year US government bonds yield is the blue line)

Read also: “Stochastic Oscillator (Stochastic) –
another useful indicator”

Andre Green

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