Analysis of the American Trading Session

Tuesday’s US trading session closed with updating a high by the American dollar against a basket of major competitors. The reason for the growth of the American dollar was the preservation of risks and the growth of pessimism in the stock markets, which increased the demand for the US dollar as the safe haven currency.

Despite the strengthening of the dollar index and the update of the maximum at the level of 97.70, the American dollar did not manage to develop a full upward dynamic. The resumption of the dollar decline at the opening of trading on Wednesday confirmed keeping the lateral dynamics. The key support that limits the decline is 97.40.

Fig. The US dollar index chart. The current price is 97.50 (10-year government bonds yield is the blue line)

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Andre Green

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

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