Analysis of the American trading session

During the American session on Friday, March 9, 2013, the US dollar weakened its positions against the major currencies of the market. At the beginning of US trading, the US dollar received support from positive employment data in the United States, but almost immediately moved to a decrease in response to weaker data on changes in wage levels. More “Data on employment and wages in the US.”

The Canadian dollar strengthened significantly against the US dollar in US trading, helped by the widespread weakening of the US currency, the recovery in oil prices, and data on the labor market in Canada.

• According to published data, the change in employment in February was 15.4 thousand, against the January value of -88.0 thousand.
• The unemployment rate fell to 5.8%, against the previous value of 5.9%.

Alexander Sivtsov