Analysis of the American Trading Session

The US session on Monday closed with a significant US dollar decline against the basket of major competitors, ultimately losing all earnings on Friday’s publication of employment data in the US. The reason for the US dollar decline was the decrease in risks in Europe after the mood for Brexit improved markedly.

As a result, the American dollar remains under pressure amid growing optimism and lack of data on the US trade confrontation. The US dollar index is limited to 95.00 support, the breakout of which will open the way to the level of 94.80.

The US dollar index chart. The current price is 95.50 (10-year government bonds  yield is a blue line)

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Andre Green

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

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