Analysis of the American Trading Session

During the American session on Wednesday, 04/04/2018, the US dollar showed mixed dynamics against the major currencies of the market. The main support for the US currency was provided by strong data on the labor market in the US, which exceeded the forecast of analysts. For more information, see “US Employment Data”. Also, the US dollar strengthened its positions against the currencies of the “safe haven”, which was caused by the growth of stock exchanges. Major US stock indices finished the session with growth (Dow + 0.96%, S & P 500 + 1.16%, Nasdaq + 1.45%)

During the US trading, the US dollar fell against the commodity currencies amid the recovery in oil prices. The main support for oil quotations was provided by the decrease in US oil reserves, which fell by -4.167 million barrels over the past week, against the growth of 1.643 million barrels in the previous period.

Alexander Sivtsov