Analysis of the American Trading Session

Trading on the American session on Thursday closed very restrained. Thus, the dollar index showed a very moderate growth with the update of the weekly high at 96.70. A limiting factor for the American dollar was its overbought and reduced optimism about the  US and China trade talks, which were postponed to early March, increasing pressure on commodity assets that remain under the pressure.

The US dollar index at the trading on Thursday was corrected after a prolonged growth, maintaining the upward trend, which further indicates the possibility of renewed strengthening. A significant resistance is the mark 96.70, a high of Thursday, and psychology 97.00.

The US dollar index. The current price is 96.60 (10-year government bonds yield is the blue line)

Read also: “The United States mitigates positions on foreign investment”

Andre Green

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