Analysis of the American Trading Session

Trading on the American session on Tuesday closed with a general sale of the US currency across the market. The reason for the decline of the American dollar was the growth of optimism around the US – China trade talks, which caused a wave of optimism about commodity currencies and risky assets. As a result, the dollar was under pressure, which was intensified by the correction after prolonged growth. Positive statistics on the United States provided limited support to the American dollar, but slowed down the dollar a little.

Technically, the US dollar index broke the weekly upward dynamics at the break of support 97.00-96.90. The dollar still maintains the downward trend, so it is  too early to talk about a full-scale decline in the dollar.

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

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