Analysis of the American trading session

During the American session on Thursday, 02.11.2017, the US dollar almost did not change its positions against most of the major currencies of the market. The results of the November meeting of the Fed continued to affect the dynamics of the US currency, as the Central Bank did not hint at plans for the December meeting and further tightening of monetary policy. Some support for the US currency was provided by data on the number of initial applications for unemployment benefits, which fell to 229K, against the previous value of 234K. Also, the movement of the US dollar was affected by the expectation of the publication of the Friday employment report. In connection with it market participants took a cautious stance against the American.

The British pound fell significantly against the US dollar, which was caused by the results of the meeting of the Bank of England. The Bank of England, as expected, raised the interest rate from 0.25% to 0.50%, but at the same time gave a disappointing outlook for further tightening of monetary policy and economic growth. This put pressure on the British currency. Read more … .

Alexander Sivtsov