Analysis of the American trading session

During the American session on Friday, December 15, 2017, the US dollar strengthened its positions against the major currencies of the market. The main support for the US currency was provided by the optimism about the US tax reform. The main catalyst in the issue of promoting tax reform in the US was the change in the opinion of Republican Senator Marco Rubio, who promised to vote for the promotion of the tax reform. On Friday, the Senate and the House of Representatives of the US Congress agreed on the final version of the tax reform bill.

The British pound significantly decreased against the US dollar because of the general strengthening of the US currency, as well as in connection with the disappointing news about Brexit. The British Parliament did not approve Prime Minister Teresa May’s plan for Britain’s withdrawal from the EU. Also, pressure on the pound was made by the statement of the representative of the European Commission Juncker, who noted that the second phase of negotiations on Brexit will begin in March 2018 and will be more difficult.

Alexander Sivtsov