Analysis of the American trading session

During the American session on Friday, March 23, 2018, the US dollar declined against most of the major market currencies. The main pressure on the US currency was made by the US decision to raise tariffs for China by $ 50 billion, which was followed by countermeasures by raising tariffs for 128 items of goods from the US, these actions could become the beginning of a trade war. European currencies strengthened their positions against the US dollar against the background of a general weakening of the US currency, as well as in connection with the announcement that the US raised the increase in tariffs for steel and aluminum for European countries.

The Canadian dollar sharply strengthened its positions against the US dollar at the beginning of US trading, which was caused by the general weakness of the US currency, as well as the publication of strong inflation data and retail sales in Canada. For more details, look “The Canadian Strengthens Positions. Retails and inflation data  in Canada. ”

Alexander Sivtsov