Analysis of the American trading session

During the American session on Wednesday, 08/11/2017, the US dollar was trading mixed against the basket of currencies and finished trading with a decrease against the majority of competitors. The US dollar was trading in a narrow range against the euro. Such a dynamic of the pair EUR/USD was due to the absence of a significant driver in the market.

The British pound in the course of US trading recovered some of the previously lost positions against based on the general weakness of the US dollar and the fixation of profits on short positions of the British currency. Earlier, the British pound weakened its position because of the possible destabilization of the work of the British government. See https://esterholdings.com/en/2017/11/08/the-pound-is-under-pressure-3/.

The New Zealand dollar strengthened its position against the US dollar at the trading closure, which was caused by the decision of the RBNZ on the interest rate and the cover letter of the Central Bank. As expected, the RBNZ kept the interest rate at 1.75%. In their statements, the leadership of the RBNZ was rather mild, but
signaled that in the second quarter of 2019 the interest rate would be 1.9%.

Alexander Sivtsov