Analysis of the American session

Monday’s trading closed with a swift recovery of the American dollar against most competitors. The reason for this was the expectation of the US – China trade talks this week. Thanks to this, the American dollar strengthened against safe assets and in particular against the euro, but continued to weaken against commodity currencies.

The US dollar index closed Monday trading by maintaining the side channel from 98.70 to 99.00, indicating the preservation of the flat and the possibility of forming an upward reversal.

Fig. US dollar index chart. Current price – 98.90 (10-year US government bonds yield – blue line)

Read also: “How far the prospects for USD/JPY can be downward”

Andre Green

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