Analysis of the American Trading Session
The American session of Monday was closed by another decline of the American dollar against the European currencies and the yen. At the same time, commodity currencies retained a restrained negative dynamics against the American dollar.
Published positive statistics on real estate in the US had a small deterrent effect on the dollar’s decline. The main driver for the dollar sale continues to be the risks associated with the trade confrontation and a decline in the yield of US state’s bonds, which, in turn, are traded in the lateral range from 2.87 to 2.90. In the future, this can limit the dynamics of the American dollar.
US dollar index Graph. The current price is 94.20 (the yield of 10-year government bonds is a blue line)
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Andre Green