Analysis of the American Trading Session
The American session of Thursday closed slightly above the opening level on the dollar index. The multidirectional dynamics of the American dollar during the day was associated with mixed inflation data in the US, which showed significantly lower expectations than expected. The reason for the resumption of growth in the US dollar were the comments of the Fed representative, who stated that he is open to two more Fed rate hikes this year.
These news resumed the growth of optimism for the American dollar in early Friday, thereby opening the way to the resistance level of 95.00. The further growth of the US dollar will be limited and possible with positive data or a significant increase in optimism.
The US dollar index chart. The current price is 94.90 (10-year government bonds yield is a blue line)
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Andre Green
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