Analysis of the American Trading Session

During the American session on Monday, April 23, 2018, the US dollar strengthened its positions against the major currencies of the market. The main support for the US currency was provided by the growth of yield of US government bonds. Also, the US dollar was supported by the growth in sales in the secondary housing market in the United States. For more details, see “The US Dollar continues to strengthen its positions. Data on sales in the secondary housing market in the US”.

The Canadian dollar has appreciably fallen in price against the US dollar. The reduction of the Canadian was caused by the widespread strengthening of the US currency, as well as weak data on wholesale sales in Canada. For details, see “The Canadian remains under pressure. Data on wholesale sales in Canada”.

Alexander Sivtsov