Analysis of the American trading session

During the American session on Friday, January 12, 2013, the US dollar fell against the major market currencies. In general, the decline in the US dollar against the basket of currencies is due to the fact that market participants switch their attention to other Central Banks, which already give a signal about the change in monetary policy in the future. Temporary support for the US dollar in the course of trading was provided by more positive data on inflation and retail sales, rather than previously expected. See “Inflation and retail sales in the US exceeded expectations.“

The British pound has significantly risen in price against the US dollar in the course of American trading. In addition to the general weakening of the US currency, support for the pound was provided by Bloomberg News that the Netherlands and Spain are ready for soft Brexit.

Alexander Sivtsov