Analysis of the American Trading Session

The US session closed with an increase in the US dollar on Monday, despite the reduced activity at this session due to the weekend in the US and Canada. The reason for the dollar’s growth everywhere was the general increase in pessimism in the stock markets and the decline in the main European currencies associated with risks around the Brexit talks and the Italian budget. It was the driver for the growth of American dollar in quiet Monday trading.

As a result, the maximum was updated with the dollar index at the level of 97.70, which confirmed keeping the uptrend for the dollar. But this level also acts as the upper boundary of the two-month channel,  the rebound from which  is also possible.

The US dollar index chart. The current price is 97.50 (10-year government bonds yield is the blue line)

Read also: “Stock indices of America: Canada, Mexico and Brazil”

Hanzenko Anton

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