Analysis of the American trading session

During the American session on Monday, January 22, 2013, the US dollar declined against the majority of competitors. The main pressure on the US dollar was provided by the expectation of voting on the temporary financing of the work of the government until February 8. According to the results of voting, 81 votes were for the extension of the resolution, while only 18 members of the Senate voted against it.

The single currency has risen modestly against the US dollar, but the pair EUR/USD has maintained its movement in the flat range, as market participants remain somewhat cautious against the euro in anticipation of the results of the ECB meeting this week.

The British pound appreciated significantly against the US dollar due to the general weakening of the US currency, as well as due to the decrease in the cross-rate EUR/GBP. For more information, see “Opinion on the pair GBP/USD. The British does not have a fuse. “

Commodity currencies strengthened their positions against the US dollar in the course of American trading, which was caused by the recovery of oil prices, which increased by about 1% at the close of trading on Monday.

Alexander Sivtsov