Analysis of the American trading session

During the American session on Thursday, October 26, 2017, the US dollar strengthened its positions across the entire spectrum of the market. The main support of the American currency gave the announcement of the US Congress that it has approved the draft budget for 2018, which will allow Trump to conduct tax reform.

Also, the US dollar was supported by data on the real estate market in the United States. According to published data, the index of unfinished sales in the market of real estate in September changed by 0.0%, against the decline in the previous period at the level of -2.8%.

The single currency continued its decline against the US dollar in the course of American trades based on the ECB meeting and comments about the course of monetary policy, which were more lenient rather than expected by market participants. More information https://esterholdings.com/en/2017/10/26/euro-is-under-pressure-13/.

Alexander Sivtsov