Analysis of the American trading session

During the American session on Tuesday, January 23, 2013, the US dollar fell against the major market currencies. The fact of the resumption of the work of the US government does not inspire market participants, as the work period is limited and will last only until February 8.

The problem of passing the law on expenditures for 2018 remains open, as the question of illegal immigrants who were brought to the States by children and protected from deportation by Barack Obama’s program still did not dare. The government of the country can not constantly work on temporary financing, in connection with which someone will have to compromise in order to pass a law on expenses.

The British pound continued to strengthen its positions against the US dollar against the general weakening of the US currency, having updated its maximum value to 1.4025, after it the GBP/USD pair fell sharply against the background of partial profit-taking by investors. For additional information see “Opinion on the GBP/USD pair“.

Commodity currencies also rose in price against the US dollar in the US trading, which was due to the general weakening of the US currency, as well as the resumption of rising oil prices.

Alexander Sivtsov