Analysis of the American trading session

During the American session on Wednesday, March 7, 2018, the US dollar showed mixed dynamics against the major currencies of the market. Some support for the US currency was provided by data on employment in the US, which exceeded the forecasts of analysts.

• According to the published data, the change in the number of non-agricultural workers from ADP amounted to 235 thousand, exceeding the forecast of analysts at 199 thousand, but still lower than the previous value of 244 thousand.

Also, some support for the US currency was provided by the representative of the Federal Reserve Bostic. Bostic noted that in 2018 it is possible to raise interest rates from 2 to 4 times, and in 2019, it is projected to raise 3, against 2 earlier.

Alexander Sivtsov