Analysis of the American Trading Session
The US Friday session was closed by the widespread strengthening of the US dollar against major competitors. The reason for the growth of the American dollar was the risks of trade confrontation caused by the announcement that negotiations between the United States and Canada on the trade agreement had reached a deadlock. Also, the US dollar was supported by technical correction of positions before the long holidays in the US and Canada and correction of positions at the end of the month.
As a result, the US dollar index managed to return above psychology at 95.00. At the same time, the American dollar should fix above this level in the low-liquid trading on Monday.
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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