Analysis of the American Trading Session

The US session  closed with a one-month low of the dollar index against a basket of competitors on Thursday. The reasons for the sale of the American dollar were a weak data on inflation in the United States, reducing the US of state bonds yield and maintaining concerns about the effects of the US monetary policy.

As a result, Thursday’s trading on the US dollar index closed near the psychological support of 95.00, confirming the downtrend and the formation of oversold by the US currency. At the same time, the zone of 95.00 and 94.80-70 is a strong support, from which we can expect a forced correction.

The US dollar index chart. The current price is 95.00 (10-year government bonds yield is the blue line)

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Andre Green

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