Analysis of the American session

Monday’s low-key trading closed with the American dollar’s restrained strengthening after the decline. The reason for the weakening of the American dollar in the afternoon was the risk rates cuts in the United States and general restraint in trading in the absence of significant data.

The US dollar index  kept Friday’s lateral trading range of 98.50-20 despite the decline. This indicates the preservation of the flat and the absence of significant drivers for the movement.

Fig. The US dollar index chart. Current price – 98.40 (10-year US government bonds yield – blue line)

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Andre Green

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