Analysis of the American trading session

During the American session on Thursday, December 7, 2017, the US dollar strengthened its positions against most major currencies. The main support for the US dollar was provided by optimism about the Fed’s interest rate increase this month, as well as the expectation of a positive employment report on Friday. Additional support for the US dollar was provided by positive data on applications for unemployment benefits, which amounted to 236 thousand, which is lower than the previous value at 238 thousand.

The British pound grew significantly against the US dollar, which was caused by the positive news on Brexit. European Commissioner Oettinger reported on the achievement of significant progress in the negotiations on Brexit, namely on the settlement of the financial issue. Oettinger noted that only a couple of billions of pounds separate the parties from consensus. Also, according to Reuters, Ireland and the United Kingdom are very close to the deal on the border within the framework of Bexit.

Alexander Sivtsov