Analysis of the American Trading Session
Trades on Wednesday were closed by strengthening of the American dollar on all market spectrum against the background of optimistic expectations of the market concerning toughening of a monetary policy in the USA. The Fed confirmed the market’s expectations and announced its intention to raise interest rates gradually.
This allowed the US currency to keep the upward dynamics against the basket of major competitors and gain a foothold above the key level of 91.50, which in turn will open the way to resistance levels of 94.80 and 95.00.
The US dollar index chart. The current price is 94.80 (10-year government bonds yield is a blue line)
Read also: “Cross-rates trading. Features »
Andre Green
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