Analysis of the American trading session

During the American session on Tuesday, March 13, 2013, the US dollar weakened its positions against most of the major market currencies. The main pressure on the US currency was provided by weak statistical on the US inflation data.

• The consumer price index rose in February by 0.2%, which is less than the growth of January at 0.5%.
• The basic index of consumer prices increased by 0.2%, against the growth in the previous period at 0.3%.

Also, additional pressure on the US currency was made by US President Donald Trump’s decision to fire Secretary of State Rex Tillerson due to disagreements over the policy towards North Korea, Russia and Iran.

The British pound significantly appreciated against the US dollar, on the background of the general weakening of the US currency, as well as in connection with the positive forecast of the UK GDP growth in 2018. For more details, look “The pound strengthens its position. On the positive forecast of UK GDP growth”

The Canadian dollar fell significantly against the US dollar during the American session, which was catalysed by details of the speech of the head of the Bank of Canada, Poloz, who didn’t point to the possibility of tightening monetary policy in the near future. For more information, see “The Canadian is under pressure. Details of the speech of the Head of the Bank”

Alexander Sivtsov