Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

The US session on Friday trades closed with a very moderate growth, limited to resistance 96.70 and the trading range of Thursday. General risks continued to provide a support for the American dollar. At the same time, despite the slowdown in the growth of the dollar index, its upward trend continues,  indicating the potential for continued growth.

The main driver for strengthening of the American dollar are the negative sentiment in the market. It is worth noting the risks of a new shutdown of the US government, which may increase the pressure on the dollar.

The US dollar index chart. The current price is 96.70 (10-year government bonds yield is the blue line)

Read also: “How long will the rising rally of the American continue based on the growth of profitability of the US state bonds?”

Andre Green

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