Analysis of the American session
Friday’s trading closed with a weakening US dollar across the market. The reason for the moderate decline in the American was the technical correction of positions in the US dollar before the weekend after a week-long increase; and market concerns about the aggravation of political risks in the United States amid the announcement of the impeachment of Trump. As a result, the dollar index updated a low of 99.00, but remained above this level.
The dynamics of the US dollar index against a basket of competitors remains upward, maintaining the upward dynamics of recent weeks, which makes the marks: 99.00 and 98.80-70 significant support. At the same time, further strengthening of the dollar also remains limited to September high at 99.40-30. American dollar’s overbought amplified by political risks in the United States.
Fig. US dollar index chart. Current price – 99.10 (10-year US government bonds yield – blue line)
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Andre Green
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