Analysis of the American session

Trading on Thursday closed with the rapid growth of the US dollar against a basket of competitors. It was due to the  positive data on the US retail sales, which showed an actually lesser slowdown in the US economy than expected. In addition to the US dollar, the British pound also strengthened, which received a support from the UK retail sales, putting an additional pressure on the euro.

The US dollar index opened Friday’s trading with growth and overbought against the background of optimism growth, forming an uptrend after a weekly movement in flat, which may be limited by overbought and resistance levels: 98.20 and 98.50.

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 performance on world currencies”

Andre Green

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

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