Analysis of the American trading session

During the American session on Thursday, December 21, 2017, the US dollar declined against most of the major market currencies. The main pressure on the US dollar was provided by weak data on GDP and unemployment.

• The growth of the US GDP in the third quarter slowed to 3.2%. Against the previous value at the level of 3.3.
• The number of applications for unemployment benefits amounted to 245 thousand, exceeding the previous value of 225 thousand.

The Canadian dollar significantly strengthened its position against the US dollar in the US trading, in response to the general weakening of the US currency, as well as against positive data on inflation and retail sales in Canada. See “The Canadian Strengthened Positions: Inflation and Retail Sales of Canada.“

Alexander Sivtsov