Analysis of the American Trading Session

Trading on the American session on Tuesday closed with a general strengthening of the US currency across the market. At the same time, the growth of the American dollar was traced even before the opening of the European session. The strengthening of the dollar throughout the day was due to the possibilities of changing the foreign policy of the United States, or rather, the new duties on China and duties on cars, that  will affect the eurozone first of all.

As a result, the US dollar index has updated a high of 97.50, from which a restrained correction can be traced. For the American dollar it is possible to resume its growth with a repeated test of resistance 97.50-60 while maintaining pessimism in the market.

The US dollar index chart. The current price is 97.40 (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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