Analysis of the American Trading Session
According to the results of trading on the American session on Tuesday, the US dollar closed with growth against a basket of major competitors. The main support for the American dollar was the decline of the euro and the British pound.
The pound weakened on data about Brexit and the intentions of the UK government to speed up the deal before the European parliamentary elections.
The euro was under the pressure due to a statement by a group of ECB members that forecasts for the eurozone economy are too high.
As a result, the US dollar index closed trading on Tuesday at a high of the last days of 97.10. As a result, made a correction against the decline of the US dollar on Friday. The overall dynamics of the US dollar index remains downward, limited to local minima: 96.90 and 96.80. Significant resistance settled at levels: 97.10 and 97.20.
Fig. The US dollar index chart. The current price is 96.90 (10-year government bonds yield is the blue line)
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Andre Green
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