Analysis of the American trading session

During the American session on Friday, December 22, 2017, the market maintained a moderate dynamics and the US dollar almost did not change its positions against most of the major currencies of the market. This dynamics of currency instruments on the market was associated with low trading activity on the eve of a long weekend in the US and Europe in connection with the celebration of the Catholic Christmas.

The Canadian dollar fell significantly against the US dollar at the beginning of US trading, which was caused by a slowdown in Canada’s GDP growth in October. See “The Canadian is losing ground. The Canada GDP data. ” By the end of trading the Canadian recovered most of the previously lost positions. It was caused by the restoration of oil prices in the second half of trades on Friday.

Alexander Sivtsov