Analysis of the American Trading Session

The US session on Wednesday closed with a continuation of the growth of the US dollar, despite the overbought American dollar. The reason for the widespread growth of the US dollar was the growth of pessimism in the market and the weakening of commodity currencies. The dollar was also supported by the decline in the US state bonds yields.

The American dollar managed to accelerate growth at the end of the day by reducing stock indices and act as a safe haven asset. The dynamics of the US dollar index remains limited overbought and is limited to attempts of correction.

The US dollar index chart. The current price is 96.40 (10-year government bonds yield is the blue line)

Read also: “Stock Indices: the Japanese Market”

Andre Green

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