Analysis of the American trading session

During the American session on Monday, March 5, 2018, the US dollar showed mixed dynamics against the major currencies of the market. In general, this dynamics of the US currency is due to the fact that market participants are still assessing the possibility of a trade war against the United States after Tramp’s statement about an increase in duties on the import of steel and aluminum. Also, the impact on the course of trading on Monday had data from the US ISM, which in February were weaker than in the previous period. For more information click on the link “The US dollar is stable: data from ISM USA“.

The British pound rose against the US dollar in the course of US trading, which was caused by a statement by British Prime Minister Theresa May. In her statement, May expressed confidence that in the next few days all the differences between the EU and the UK will be resolved about Brexit, adding that there will not be a second referendum.

Alexander Sivtsov