Analysis of the American Trading Session

Friday’s trading closed with a noticeable increase in the US dollar against a basket of major competitors. Moreover, the growth of the American dollar fell on the strengthening against the euro and commodity currencies while the assets of the safe haven showed a moderate decrease or growth against the American dollar. This movement is due to the fact that investors have chosen to adjust the position on the dollar and other currencies on the eve of the Christmas holidays.

As a result, the dollar index received a significant increase on Friday, which was limited by a psychological mark of 97.00. It is worth noting that the weekly downward trend for the American dollar has slowed down, which may indicate a slowdown in the downtrend and the formation of a flat because of  reduce in activity. The expected trading range is from 97.00-20 to 96.70-50.

The US dollar index chart. The current price is 96.80 (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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