Analysis of the American session

The American trading session on Wednesday closed with the rapid growth of the US dollar against a basket of competitors. The driver for the strengthening of the American dollar became the aggravated risks of tightening the trade war, which put pressure on the euro and commodity currencies. The US dollar was safe haven currency, instead of the overbought classic safe harbor assets.

In the conditions of overbought of the American dollar after growth and a decrease of the US government bonds yield, the dollar growth remains difficult overbought and a resistance zone of 98.00-20. As a result, it is possible to form a restrained correction after growth.

Fig. The US dollar index chart. Current price – 98.00 (10-year US government bonds yield – blue line)

Read also: “Fundamental analysis:
Inflation and the impact of its indicators on world currencies”

Andre Green

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

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