Analysis of the American Trading Session
Monday trades closed with a general decline in the US dollar index. At the same time, the weakening of the American dollar was more clear against the euro and safe-haven currencies, which is caused by the possibility of risks and a decrease in the US state bonds yield. Also, the pressure on the dollar continued to provide an opportunity to slow down in the rate hikes by the US Federal Reserve.
An additional risk factor in the market is the Brexit deal, which, in addition to exacerbating the political crisis in the UK, may become a driver for new uncertainty in Europe as the transition period or the new referendum in the UK continues.
The US dollar index closed Monday’s trading at 96.20, which confirms the continuation of the downtrend and the ability to test the psychological level of 96.00, which also serves as the lower limit of the general uptrend in the dollar.
The US dollar index chart. The current price is 96.10 (10-year government bonds yield is the 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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