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Analysis of the American session
The American trading session on Wednesday closed with the rapid growth of the US dollar at the US Federal Reserve meeting results. Despite a 0.25% decrease in the key rate in the USA, the Fed kept positive forecasts for the US economy and did not give any hints on the cycle of rate cuts in the future. This was a positive signal for the US dollar.
Thanks to the positive rhetoric of the US Federal Reserve, the US dollar accelerated the growth across the market and updated the last two years high against a basket of competitors. But it was in a significant overbought, limited by the resistance level of 98.90-99.00.
Fig. The US dollar index chart. Current price – 98.90 (10-year US government bonds yield – blue line)
Read also: “The trade war.
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Andre Green
Earn with the help of the trade service on the news Erste News!
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