Analysis of the American session

The US trading session on Thursday closed with a sharp decline in the US dollar against a basket of competitors. The main decline of the American dollar was traced against the Japanese yen, a safe haven currency. But, after very positive corporate reporting with the United States, overall demand for safe assets declined.

A restrained recovery of the dollar after the decline is expected given the persistence of uncertainty in trade negotiations and the growth of optimism on stock exchanges, after the decline in the US dollar. But the general uptrend for the American dollar slowed down, indicating the formation of a flat from 98.30-50 to 98.00-97.90.

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

Read also: “US and China return to the negotiating table”

Andre Green

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