Analysis of the American Trading Session

Thursday’s trading closed with restrained recovery of the American currency against a basket of competitors. The American dollar was supported by data on the postponement of the meeting between the leaders of the United States and China, which heightened the market’s fears of a trade agreement. Also, low-key support for the American dollar had data on the intentions of the UK to postpone Brexit for three months. It  increased the uncertainty around the pound only.

As a result, the US dollar index corrected markedly, moving from the lows at the level of 96.40, but still remains under the pressure of a downtrend and retains the potential for decline.

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

Read also: “The nearest prospects for the USD”

Andre Green

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

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