Analysis of the past day

On Thursday, December 21, trading in the foreign exchange market went in different directions, which was caused by a decrease in activity in the market and the absence of significant drivers.

The US dollar index during the day was trading at the opening level of the day, despite the weak data on the US. Also, the US currency maintains a downward trend due to the risks in the US, caused by the expectation of the promotion of tax reform.

The US dollar appreciably weakened against the Canadian currency based on inflation data in Canada. As a result, the pair USD/CAD approached the low of last week, while maintaining an upward trend, which is traced from September.

Graph of the US dollar index. The current price is 93,300.

Hanzenko Anton