Analysis of the American Trading Session

The American session was closed by a significant decline of the US currency across the market on Thursday. The reason for the American  dollar decline was the reduction of risks around the US and China trade confrontation, because its real impact was noticeably weaker for the world economy than expected.

As a result, the US currency was under pressure of risks reduce, that previously acted as an asset of a safe harbor. As a result, the US dollar index is trading near the three-month low, limited to oversold and support level of 93.80-70.

The US dollar index chart. The current price is 93.90 (10-year government bonds yield is a blue line)

Read also: “A brief overview of free TS (trading strategies) in  Internet”

Andre Green

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

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