Analysis of the American session

The US session on Tuesday closed with a restrained decline in the dollar index against a basket of competitors. As a result, the index has updated a low at the level of 96.60. The main decline of the American dollar fell against the safe haven assets. The reason was the decrease in optimism that the US-China trade talks will be successful.

As a result, the US dollar index closed Tuesday below the opening of the day, but above the key level of 96.70. This has kept the potential for further growth of the dollar and the preservation of the uptrend.

Fig. The US dollar index chart. The current price is 96.80 (10-year US government bonds yield is the blue line)

Read also: “Multifactorial analysis of the Forex market”

Andre Green

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