Analysis of the American Trading Session

At trading on Wednesday, the US dollar closed the day with a slight decrease against the main competitors, amid lower risks and correction after growth. But despite this, trades on Thursday opened with the resumption of negative sentiment and a decline on the stock markets of the Asia-Pacific region. As a result, the American resumed growth at the beginning of the day across the entire spectrum of the market. Additional support for the dollar is exerted by risks from the meeting of the Bank of England.

The US dollar index managed to overcome the significant resistance at 95.20 and open the way to 95.40-50. At the same time, the American dollar’s further growth is based on the sale of European currencies and risks in Europe.

Read also: “Fundamental analysis: interest rate and its impact on the exchange rate”

Hanzenko Anton