Analysis of the American session

Monday’s US trading session closed with a general increase in the US dollar against a basket of competitors. The main driver for strengthening the American dollar was the overall increase in optimism in the US-China trade negotiations. In fact, the growth of the US dollar corresponded to a moderate decline in stock indices at the end of the day, which opened with a significant increase in general optimism.

The US dollar index on Monday was fixed above the level of 96.80, speeding up the uptrend in the correction against the dollar decline at the end of June. The significant resistance level for the dollar is the 97.00 mark. Support levels are located at the levels: 96.70 and 96.60.

Fig. The US dollar index chart. The current price is 96.80 (10-year US government bonds yield is the blue line)

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Andre Green

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