Analysis of the American Trading Session

Monday trades in the US session closed with the resumption of growth of the US dollar across the market. At the same time, the week opened with a general sale of the US dollar for correction against Friday. The reason for the resumption of demand for the American currency was the weak data on Germany and the restrained rhetoric of the ECB President Draghi regarding the monetary policy of the eurozone.

As a result, trading on the American session on Monday closed with an update of two-week highs and the preservation of the upward trend in the American dollar. The main support is located at levels: 97.00-10 and 96.80.

The US dollar index chart. The current price is 97.20 (10-year state bonds yield is the blue line)

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Andre Green

Earn with the help of the trade service on the news Erste News!

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