Analysis of the American Trading Session
Trades on the American session Tuesday closed with the growth of the American dollar against all major competitors. In general, the strengthening of the American currency is caused by the absence of a new heat of relations around the US trade confrontation and the recovery of stock indices, which has slowed considerably since the beginning of the day.
On the other hand, the day’s correction of the American dollar significantly offloaded its oversoldness, and the situation with US trade relations remains very tense. As a result, with the growth of pessimism, resumption of the sale of the US dollar is possible, which can also be indicated by the restrained negative dynamics of the state. US bonds with the strengthening of the dollar index.
US dollar index Graph.The current price is 94.70 (the yield of 10-year government bonds is a blue line)
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Andre Green