Analysis of the American Trading Session

The US session on Wednesday closed with a restrained decline of the dollar against safe-haven assets. The reason for this was the weak data on the US and attempts to increase the euro on the possibility of issuing new loans to the ECB. As a result, the US dollar index closed at the opening day level.

The dollar was more pressured by preliminary data on the US employment, which has a strong influence on the American dollar due to its overbought and expectations of the Friday jobs report. The US dollar index is actually clamped in the lateral range from 97.00 to 96.80, while maintaining an upward trend.

The US dollar index chart. The current price is 96.90 (10-year government bonds yield is the blue line)

Read also: “Trade balance influence on the country’s economy”

Andre Green

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

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