Analysis of the American session

Monday’s trading closed with the growth of American dollar against a basket of competitors. The main growth of the American dollar fell against the safe haven assets, which was caused by a decrease in risks around the resumption of business activity in the manufacturing sector. It is also worth noting the easing of trade tension between the US and China, which supported risky assets.

The US dollar index closed Monday trading near annual highs, maintaining upward dynamics and strengthening overbought. Further growth will be limited by resistance levels: 99.60-80, support is located at marks: 99.40-30.

Fig. US dollar index chart. Current price – 99.50 (10-year US government bonds yield – blue line)

Read also: “The national currency rate
as an advantage in trade talks”

Andre Green

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