Analysis of the American Trading Session

The US session on Monday closed with restrained growth of the US dollar against a basket of competitors for correction after a decline, maintaining the downward trend, which resumed on the trades on Tuesday. The British pound actually remains to trade in a reserved lateral dynamics, while maintaining uncertainty about the situation with Brexit. The euro, on the contrary, acts as an alternative to pound uncertainty and dollar weakness.

The US dollar index on Monday updated a high at 96.60, which confirmed keeping the downtrend and partially unloaded the oversold of the American dollar, while opening the way to sales and support levels: 96.20 and 96.00.

Fig. The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)

Read also: “Reserve Bank of New Zealand and prospects for its monetary policy”

Andre Green

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

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