Analysis of the American session
The US trading session on Monday closed with the recovery of the US dollar against most of the major competitors. So, earlier, the American dollar was under considerable pressure on retaliatory duties from China. Despite the aggravation of trade opposition, Monday’s trading closed for the US dollar index, even with a slight growth. This was facilitated by the preservation of the dialogue between the United States and China.
In fact, negative sentiment persists in the foreign exchange market, which forces investors to buy some safe assets against others. The American dollar on the change of priorities has strengthened a bit due to the decline in European currencies, departing from the lows, but continues to maintain a general downward trend against a basket of major competitors. The US dollar index is limited to the downward channel and resistance levels: 97.30 and 97.50. Support is located on the marks: 97.20 and 97.00.
Fig. The US dollar index chart. The current price is 97.30 (10-year government bonds yield is the blue line)
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Andre Green
Earn with the help of the trade service on the news Erste News!
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