Analysis of the American session

The American trading session on Thursday closed with the growth of the US dollar against a basket of competitors and updated the level of 98.20. The reason for this was the continued optimism around the trade deal between the United States and China. It has also helped to reduce risks and weaken the demand for safe assets.

The update by the US dollar index of the high of the current month and consolidation above 98.00 indicate the continued upward trend in the dollar, which continues to receive basic support from the expectation of a trade deal. Further movement of the dollar may be limited by resistance: 97.30 and 98.50.

Fig. The US dollar index chart. Current price – 98.20 (10-year US government bonds yield – blue line)

Read also: “OPEC + The market expects continuation of agreement to limit production“

Andre Green

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