Analysis of the American Trading Session
The US Friday session closed with a decline in the US currency across the market, which was caused by a correction in dollar positions before the weekend, a decline in stock indices on Wall Street and ambiguous data on the US GDP. As a result, the US dollar was under considerable pressure across the entire spectrum of the market.
The US dollar index closed the week near the significant support of 96.30, which completely unloaded the overbought dollar after a week of growth. At the same time, general uptrend in the American dollar is preserved, and significant support is located around 96.30-20 and 96.00
The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)
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Andre Green
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