Analysis of the American trading session

During the American session on Tuesday, November 7, 2017, the US dollar was trading mixed against the basket of currencies and finished trading lower against most competitors.

This dynamics of the US dollar was associated with profit-taking by investors after strengthening of the US currency in the first half of Tuesday trading. Also, the pressure on the US dollar was mainly caused by the negative dynamics of world stock indices.

Some support for the US currency was provided by positive data on open vacancies in the labor market, which kept the weakening of the American. See Expert Opinion.

Alexander Sivtsov