Analysis of the American Trading Session

During the American session on Tuesday, April 24, 2018, the US dollar showed mixed dynamics and ended the session with growth against most of the major market currencies. In general, this dynamics of the American was connected with technical factors and partial fixation of profit by investors on long positions of the US dollar. Also, some support for the US currency was provided by positive statistics on sales of new housing in the US and consumer confidence. For more details, see “The US dollar received support”.

Commodity currencies declined against the US dollar during US trading, which was caused by a decline in oil prices in anticipation of the publication of data on crude oil reserves in the US.

Alexander Sivtsov