Analysis of the American Trading Session

The US Wednesday session closed with a general increase in the US dollar across the market. The statement by the US Federal Reserve Chairman Powell that the Fed sees no point in changing the rates in the current situation was the reason for this. It increased optimism about the American dollar a lot, and reduced the likelihood of lowering rates in the United States in the near future. The slowdown in inflation was also noted, which had a restraining effect on the dollar.

The US dollar index at the American session on Wednesday slowed the decline significantly, moving to an upward correction, actually continuing to maintain a downward trend, limited to significant resistance 97.80. The level limiting the resumption of decline, are the marks: 97.60-50.

Fig. The US dollar index chart. The current price is 97.70 (10-year government bonds yield is the blue line)

Read also: “Prospects for the euro based on the ECB policy”

Andre Green

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