Analysis of the American Trading Session
The US session on Thursday closed with a general decline in the US currency on weak US data and the risks of strengthening the trade tensions between the US and China. As a result, at low 96.55 was updated. On these risks the profitability of the US state bonds decreased also and fell to the level of September at around 2.85%. Restrained correction of the American dollar at the close of the day and the expectation of Friday’s employment data in the US (NFP) slightly recovered losses, not allowing to update weekly lows.
As a result, the US dollar index remains under pressure, but it maintains an upward trend, which in the conditions of renewed optimism and positive data on the USA will return the American dollar to growth. Significant resistance settled at levels: 97.00-20 and 97.40-50.
The US dollar index chart. The current price is 96.80 (10-year government bonds yield is the blue line)
Read also: “The Eurozone and the state of its economy based on key economic indicators”
Andre Green
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