Analysis of the American trading session

During the American session on Tuesday, January 16, 2013, the US dollar fell against the major market currencies. Despite the return of liquidity, demand for the US currency remained low. That is why in the course of US trading, the US dollar lost all previously earned positions and fell against the basket of currencies. Some pressure in the beginning of the American session was provided by weak data on production activity from the Federal Reserve Bank of New York. See “The State of the Market: The US Dollar is Trying to Return to the Game.“

Also, pressure on the US currency was exerted by the decline in the profitability of the 10-year US government bonds and the US stock exchanges. Despite a positive start, the major US stock indices finished trading lower (Dow 30 -0.04%, S & P 500 -0.35%, Nasdaq -0.51%).

Alexander Sivtsov