Analysis of the American session
The US session on Wednesday closed with a sharp decline in the US dollar across the entire spectrum of the market. As a result, the US dollar index returned to the level of the opening of the day after the updating the high at the level of 97.70. The reason for the rapid decline of the American dollar was the announcement of the Trump administration about the transfer of tariffs for cars and spare parts for six months. This provided significant support to the euro and reduced the risks of exacerbating the EU-US trade war.
Against this background, the US dollar index reversed a brief uptrend and moved to a correction, forming a U-turn from resistance levels of 97.60-70. But it continues to be limited to support levels: 97.40-30.
Fig. The US dollar index chart. The current price is 97.50 (10-year government bonds yield is the blue line)
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Andre Green
Earn with the help of the trade service on the news Erste News!
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