Analysis of the American Trading Session
The US Monday session closed lower against a basket of competitors. The reason for the decline in the dollar was the softening of the Fed policy and the growth of optimism in the stock markets due to the trade negotiations. As a result, the US dollar index updated a low the year at the level of 95.70-60, indicating keeping the downtrend, which is limited to the support level of 95.70.
The decline in optimism in the market helps dollar to restore on Tuesday, but the dynamics of the American dollar is limited by the downward dynamics and optimistic expectations. Significant support is located at support levels: 95.70 and 95.50.
The US dollar index chart. The current price is 95.80 (10-year government bonds yield is the blue line)
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Andre Green
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