Analysis of the American trading session

During the American session on Tuesday, March 27, 2018, the US dollar declined against most of the major market currencies. In general, this decline was due to technical factors and partial profit-taking by investors on long positions of the US dollar, after a significant strengthening of the US currency during the European session.

Also, some pressure on the US dollar was provided by a decrease in consumer confidence in March. For more details, see “The US dollar is losing ground during the American session. Consumer confidence is decreasing”.

Alexander Sivtsov