Analysis of the American trading session

During the American session on Thursday, January 18, 2013, the US dollar continued to decline against most competitors. The main pressure on the US dollar was caused by the worrying about the suspension of the government’s work and mixed statistics on the US. The US government is already working on the third temporary extension. The thing is that the law on expenditures, which covers illegal immigrants brought to the US when they were children, that was protected from deportation by Barack Obama’s program, is still not passed. The White House announced support for short-term financing measures, and voting on the draft law on financing will take place tonight.

• As for the data, the indicators for the construction sector in the US in December were lower than the previous values.
• In turn, the number of applications for unemployment benefits declined over the past week because of the decline in the US dollar was more restrained.

See “The US dollar remains under pressure“

Alexander Sivtsov