Analysis of the American Trading Session

The American trading session was distinguished by the strengthening of the dollar index against the basket of competitors, as a result, the annual maximum was updated at around 94.20. The strengthening of the American was caused by the resumption of political risks in Italy and the possibility of the country’s rejection of the euro, which in consequence could lead to another Brexit. But, despite the updates of the highs, the American closed the day with a drop, which was caused by a low-key tone of the Fed’s protocol, which did not give hints for not another increase in rates this year.

As a result, the US dollar index, like most world currencies, remained under the pressure of negative sentiments caused by the fear of resumption of the US trade confrontation, which ultimately contributes to the movement against yesterday’s growth of the American.

Fig. the US dollar index. The current price is 93.80 (the yield of 10-year government bonds is a blue line)

Also, read: “Fundamental analysis: Report on employment and its impact on the dynamics of the national currency”

Hanzenko Anton