Analysis of the American Trading Session
The US session on Wednesday closed at the opening of the day on the dollar index and most major currency pairs. Thus, the dollar completely lost all the points earned throughout the day. The reason for this movement was a technical correction after the growth at the beginning of the week. Additional pressure on the American dollar was provided by weak statistics on construction in the United States.
Trading on Wall Street closed with restraint positively, allowing the American dollar to resume growth. At the same time, trading in the Asia-Pacific session, on the contrary, opened mostly negatively, which indicates the possibility of selling off commodity assets and further pressure on the US dollar.
The US dollar index chart. The current price is 95.10 (10-year government bonds yield is a blue line)
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Andre Green
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