Analysis of the American Trading Session - Ester Holdings

Analysis of the American Trading Session

Trading on the American session on Friday closed with technical correction of the American dollar against a basket of competitors. As a result, the US dollar index updated the weekly low at 96.75. The reason for the sale of the American dollar, despite the very optimistic statistics on the United States, was the growth of optimism due to the progress in the US-China trade talks and a clear shift in the Fed’s policy towards softening. This ultimately continues to put pressure on the US dollar index at the opening of the new work week.

Thus, the US dollar index resumed its decline on the move against the Friday correction of the American dollar at the end of the day, limited to significant support 96.80-70.

Fig. 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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