Analysis of the American Trading Session
Trading on the American session on Tuesday closed with the general growth of the American currency against European currencies on the background of the exacerbation of the political situation in the UK and the weakness of the euro. In the UK, amid uncertainty about the Brexit vote, political risks have been exacerbated, which can lead to a non-confidence vote to British Prime Minister T. May. The euro was under pressure on data on the growth of the budget deficit in France and its preservation in Italy. As a result, economic and political risks have sharply worsened in Europe.
The US dollar indexmanaged to break through the resistance of 97.20 and update the week high at the level of 97.50 in this situation. Thus pointed to the preservation of the upward dynamics, which is limited by the overbought of the US dollar.
The US dollar index chart. The current price is 97.40 (10-year government bonds yield is the blue line)
Andre Green
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