Analysis of the American trading session

During the American session on Wednesday, November 22, 2017, the US dollar declined against the major market currencies. At the beginning of trading, pressure on the US currency was provided by weak data on orders for durable goods in the US.

• Basic orders for durable goods in October rose by 0.4%, against the September growth of 1.1%.
• The volume of orders for durable goods fell by -1.2%, against the growth in the previous period at 2.2%.

In the second half of trading, the main pressure on the US dollar was caused by the publication of the FOMC protocols. Pressure was exerted by the soft rhetoric of FOMC members regarding the timing of interest rate increase, as well as concerns about low inflation in the US.They expect inflation to reach 2.00% in 2019.

Also, see Market Focus.

Alexander Sivtsov