Analysis of the American trading session

During the American session on Tuesday, January 9, 2013, the US dollar strengthened its positions against most of the major market currencies. The main support for the US dollar is prvided by optimism about the Fed’s interest rate increase in March. The weaker data on open vacancies in the labor market in the USA became a deterrent to the more significant strengthening of the US currency. More: “The US dollar slows growth.“

The British pound is traded under pressure at the beginning of US trading amid a general strengthening of the US dollar, as well as rumors that British Prime Minister Teresa Mei will continue to reshuffle the government. Later, the British pound somewhat strengthened against the US dollar due to the partial fixation of profit on short positions, as well as due to a decrease in the cross-rate EUR/USD.

Alexander Sivtsov