Analysis of the American trading session

During the American session on Wednesday, January 10, 2013, the US dollar strengthened its positions against most of the major market currencies. The main support for the US dollar was provided by the resumption of growth in the profitability of the US government bonds during the American session, after a decline in European trading. This was caused by a message that China could stop buying the US bonds. Also, the American was supported by statements of Fed President Robert Kaplan, who supports a threefold increase in the Fed’s interest rate this year.

In the second half of trades, the US dollar strengthened significantly against the Canadian dollar, prompted by a message that Canada is convinced that Trump can announce the US withdrawal from NAFTA. Trump has stated more than once that the United States is not satisfied with the terms of the North American Free Trade Area (NAFTA) treaty, which also includes Mexico and Canada.

Alexander Sivtsov