Analysis of the American session - Ester Holdings

Analysis of the American session

Thursday’s trading closed with a collapse of the US dollar across the market. The reason for this was weak data on business activity in the United States. To a large extent, they aggravated market concerns about a slowdown in the US economy. Due to the cautious restoration of optimism in the market, the American dollar managed to adjust slightly to close trading in the US.

The US dollar index closed Thursday trading with another decline and update of the low at 98.70, indicating keeping the downtrend and a tendency to decline. At the same time, the dollar index was limited to a side channel from 99.00-20 to 98.70-50.

Fig. US dollar index chart. Current price – 99.80 (10-year US government bonds yield – blue line)

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Andre Green


 

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