Analysis of the American trading session

During the American session on Tuesday, January 30, 2018, the US dollar continued trading under pressure and ended the session with a decline against most of the main competitors. The main pressure on the US currency was exerted by a decrease in the yield of the US government bonds, as well as the negative dynamics of stock exchanges (Dow -1.37%, S & P 500 -1.09%, Nasdaq -0.86%).

Some positive sentiment, which restrained a stronger decline in the US currency, added positive data on consumer confidence in the US. See “The US dollar is trying to stabilize position. Consumer confidence is growing. “

The British pound continued to strengthen its positions against the US dollar in the course of the US trading. Additional support for the British currency was provided by the statement of the Chairman of the Bank of England Carney that the bank will reorient its policy to reduce inflation, so it will be possible to raise the interest rate this year.

Alexander Sivtsov