Analysis of the American trading session

During the American session on Monday, November 20, 2017, the US dollar rose against the major market currencies, which was caused by the growing demand for the American currency. The single currency declined against the US dollar in US trading. The main driver for the euro was political uncertainty in Germany, amid reports that Angela Merkel failed to form a ruling coalition, which threatens with repeated elections. Also, pressure on the euro was made by comments of ECB President, Mario Draghi, namely his comments on inflation and the QE program. See “The euro declines“

Commodity currencies declined against the US dollar in US trading, which was caused by a decline in oil prices, as there are doubts among market participants that the plan to extend the OPEC + pact until the end of 2018 may not take place. See “Oil (current news)“

Alexander Sivtsov