Analysis of the American session

Trades at the American session on Tuesday closed with a restrained market dynamics, which was preceded by the strengthening of the American dollar at the start of the day. The reason for American dollar’s restraint was the absence of obvious hints about US monetary policy on the part of Fed Chairman Powell. And the weakening of pessimistic sentiment on the stock markets, which increased the demand for risky assets.

The US dollar index closed trading on Tuesday, updating a high of 97.60. But by the end of the day he had lost an upward impulse, pointing out an attempts of correction. At the same time maintaining the upward trend of the current month.

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

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Andre Green

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