Analysis of the American trading session

During the American session on Tuesday, October 17, 2017, the US dollar was trading in a mixed way against the basket of currencies and practically did not change its positions against most of the main competitors.

At the beginning of US trading, the US dollar received support against the positive statistics background on imports and exports to the US.

• According to published data, the export price index rose by 0.8% in September, exceeding the August value of 0.7%, while analysts had expected growth at 0.4%.
• The import price index rose by 0.7% in September, exceeding the previous value of 0.6%.

Later, the US dollar lost almost all the earned positions in the first half of the American session, on profit-taking by investors on long positions of the US dollar.

The British pound continued to decline against the US dollar during the US session, the catalyst for the decline was the comments of Bank of England officials, which reduced the probability of an increase in the CBR interest rate at a meeting in November. Read more …

Alexander Sivtsov