Analysis of the American Trading Session
The American Thursday session closed with the correction of the US dollar against the main competitors and a restrained recovery. The reason for this movement was a decrease in activity on the market and a decrease in optimism in the stock markets. Also, don’t forget about very optimistic data on employment in the US and the upcoming G7 summit, which will start today.
The market expects from the G7 summit at least new data on the trade confrontation of the US and comments on this issue from world leaders, which was expressed by the very low-key dynamics of the market and the transition of investors to a wait-and-see position.
The American dollar, against the basket of major competitors, is trading near recent lows and retains the potential for decline on the expectation of curtailing stimulus measures in the euro area.
US dollar index Graph. Current price – 93.40
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Andre Green