Analysis of the American Trading Session

On Wednesday, trading at the US session was closed by the decline in the dollar index against the basket of competitors. The weakening of the American dollar was traced mainly against the European currencies, which was caused by the report on the lowering of the risks of Brexit. Additional pressure on the American dollar had negative data on the US trade balance, which increased the deficit, despite the measures taken.

As a result, the US dollar index returned to the level of support: 95.10-00, but continued to maintain an upward trend, despite the decline.

The US dollar index. The current price is 95.60 (10-year government bonds yield is a blue line)

Read also: “Analysis of Japanese candles – Models of continuing movement”

Andre Green

Earn with the help of the trade service on the news Erste News!

Topical articles of the trader’s blog:

1. Swedish Krona. Features of trading Scandinavian currencies
2. Norwegian Krone. Features of trading Scandinavian currencies
3. Stock indices of America: Canada, Mexico and Brazil

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