Analysis of the American Trading Session

The US session on Thursday closed with a significant increase in the US dollar across the market, helped by positive data on producer prices in the United States. Also it is worth noting the remaining risks for Brexit, which put pressure on the pound and support the American dollar.

On Friday trades the US dollar was under the pressure from statements by the US Federal Reserve Chairman. As a result, the US dollar index retreated from Thursday’s high at 97.20 and updated a low at 97.00. The dynamics of the US dollar index is limited by lateral movement from 97.20 to 96.80, indicating a slowdown in the decline, but at the same time remaining under pressure.

The US dollar index chart. The current price is 97.00 (10-year government bonds yield is the blue line)

Read also: “How long will the rising rally of the American continue based on the growth of profitability of the US Bonds?”

Andre Green

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