Analysis of the American session

The US trading session on Tuesday closed with a significant increase in the US dollar against a basket of competitors with the strengthening of risky assets on trade concessions from the United States.

The US has postponed some trade duties on Chinese goods to a later date. China, in turn, announced a new round of trade negotiations to be held in the next 2 weeks.

Due to the easing of tension in the US – China trade relations, the US dollar rose significantly, updating the high near the level of 97.80. By this, it questioned the safety of multi-day lateral dynamics, the trading range of which: from 97.80 to 97.30, remains valid.

Fig. US dollar index chart. Current price – 97.80 (yield on 10-year US government bonds – 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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