Analysis of the American trading session

During the American session on Friday, 03/03/2018, the US dollar showed mixed dynamics, but still regained some of the lost positions against most of the major market currencies by the end of trading. Some strengthening of the American, to a greater extent, was facilitated by technical factors and partial fixation on short positions on the threshold of the weekend.

The euro maintained a strong position against the US dollar during the American session. The main catalyst for the weakening of the US dollar was the protectionist statements of Donald Trump on Thursday, which increased concerns about potential trade wars. The US president said that the US will set a 25 percent tariff for steel imports and 10 percent for aluminum imports, which can harm companies both outside the US and in the country.

Alexander Sivtsov