Analysis of the American Trading Session
The US session on Friday closed with the rapid decline of the US currency, which was caused by a number of significant factors. One of the main reasons for the decline of the American dollar was the technical correction of the dollar positions before the long weekend. So, on Monday in the US and Canada is a day off, that is why at the end of the day we can expect a significant decrease in activity. Also, the dollar was under the pressure from a state of emergency in the United States, signed by the US President D. Trump. Despite this, the expenditure budget was approved, which denies the possibility of re-closing the US government, as it was before.
As a result, the US dollar index closed the week a little higher than its opening, actually slowing down the monthly upward trend and indicating the formation of a correction or a sideways movement. The expected trading range is from 96.70-50 to 97.00-30.
The US dollar index chart. The current price is 96.90 (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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