Analysis of the American session
Trading on the American session on Tuesday was very mixed, which was caused by a number of factors. So, after a noticeable growth of the American dollar in the first half of the day, on the comments of the ECB President Draghi about the new tools to stimulate the eurozone economy, the US dollar index was under the pressure from the correction after the growth.
Information that Chinese President Xi Jinping is ready to meet with US President D. Trump at the G20 summit added the volatility of trading in the afternoon, triggering an increase in market optimism and putting pressure on the dollar. It is also worth noting the technical correction for the American dollar in anticipation of the Fed meeting, which also had an impact on the US dollar.
As a result, the US dollar index closed the day restrained, maintaining the upward trend, actually indicating the formation of a flat on the waiting data from the US Federal Reserve.
Fig. The US dollar index chart. The current price is 97.60 (10-year US government bonds yield is the blue line)
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