Analysis of the American Trading Session
The American session on Monday closed with a low-key US dollar dynamics against the basket of major competitors. The reason for such a restrained dynamics and in the further resumption of pessimistic moods over the American dollar were the ambiguous results of the summit in Helsinki.
The main negative factor in the meeting between the leaders of the United States and Russia was Trump’s reluctance to talk about Russia’s interference in the US elections, which caused a wave of negativity, both in the ruling party and in the opposition. This increase in negativity towards the Trump administration significantly increases political risks in the US, but will also have a short-term effect on the dollar due to forthcoming data on the US economy.
The US dollar index keeps a downward trend, limited to the support level of 94.40.
The US dollar index chart. The current price is 94.40 (10-year government bonds yield is a blue line)
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Andre Green
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