Analysis of the American Trading Session

The American trading session was closed by the general decline of the American in the whole spectrum of the market, which was caused by a decrease in political risks in the euro area and weak data for the USA. The data that Italian politicians are making compromises in the formation of the government caused a wave of optimism, and reduced the possibility of regular elections in Italy. Against the background of the recovery of the euro in the US came very weak data on employment and GDP, which increased pessimism for the American.

As a result, the US dollar remains under pressure throughout the entire spectrum of the market, limited to the expectation of a Friday report on employment in the US.

Graph of the US dollar index. The current price is 93.90 (the yield of 10-year government bonds is a blue line)

Also, read: “Trade in currency baskets”

Hanzenko Anton