Analysis of the American Trading Session

Trading on the US session on Monday closed with a significant decline of the US currency across the market. This movement was triggered by a new round of trade confrontation between the US and China, which was exacerbated by data on new duties from the US on Chinese goods.

As a result, the dollar index returned to Friday’s lows and traded below the level of 94.50, thereby opening the way to support 94.30-20, indicating the preservation of the downtrend for the US dollar, that will be limited by oversold.

The US dollar index chart. The current price is 94.40 (10-year government bonds yield is a blue line)

Read also: “Trade balance influence on country’s economy “

Andre Green

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

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