Analysis of the American Trading Session

Trading on the American session on Thursday closed with a restrained decline in the dollar, despite very positive signals from the FOMC protocol. The American dollar remained under pressure from the statements of the US Federal Reserve Chairman, who hinted at the possibility of ending further tightening of interest rates in the United States.

It is also worth noting that the dynamics of the dollar and the market as a whole in the American session and throughout the day remained restrained, which was caused by the persistence of uncertainty in the market before the weekend and the G20 summit to be held on the weekend. Therefore, such dynamics of the American dollar is possible at the Friday trades.

The US dollar index chart. Current price – 96.70 (10-year government bond yield – blue line)

Read also: “What Does the History Mean for the Forex Market?”

Andre Green

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

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