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Analysis of the American session
The US trading session on Wednesday closed with the decline of the US dollar against a basket of competitors. The main decline of the American dollar fell on safe assets. The reason for the decline of the American dollar was the technical correction strengthened by weak data on construction in the USA and the increased risk of resumption of a trade war.
As a result, the US dollar index consolidated below the support of 97.30, than indicated a significant correction to the support levels of 97.10 and 97.00. General dynamics of the American dollar depends on the US government bonds yield.
Fig. The US dollar index chart. The current price is 97.10 (10-year US 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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