Analysis of the American Trading Session

Friday’s US session closed the week with a restrained American growth across the spectrum of the market on strong employment data in the US, which markedly improved the mood for the dollar. But, despite this, the American did not demonstrate a significant upward movement, which was connected with the preservation of risks and the growth of the euro.

As a result, the Friday session closed slightly higher than the opening level of the day, thereby keeping the downward dynamics in the dollar. The main source of negative expectations for the American are trade disagreements, which put pressure on the US dollar.

Graph of the US dollar index. The current price is 94.00 (the yield of 10-year government bonds is a blue line)

Also, read: “Fundamental analysis: Inflation and the impact of its indicators on world currencies”

Andre Green