Analysis of the American trading session

During the American session on Thursday, January 4, 2013, the US dollar continued its decline against most of the major market currencies, despite positive data on the US employment by ADP. See “The US dollar is stable.The employment data is ignored.“

The US dollar moves in a downward trend, which began after the Fed’s last meeting on December 13. During this meeting the interest rate was raised from 1.25% to 1.50%. The decline in the US currency was due to the recovery of the world economy, on the background of which investors redirected their attention to the central banks of other leading world economies.

Alexander Sivtsov