Analysis of the American Trading Session

During the American session on Tuesday, April 3, 2018, the US dollar showed mixed dynamics against the major currencies of the market. The single currency declined against the US dollar in the course of US trading, which was mostly due to technical factors and a decrease in the EUR/GBP cross-rate. The uncertain situation surrounding the trade war between the US and China continues to exert pressure on the American currency.

Commodity currencies have maintained a strong position against the US dollar in the course of US trading, while the positive dynamics of oil prices remained in anticipation of data on oil reserves in the US.

• According to API data, oil reserves fell by -3.280 million barrels over the past week, against the previous period’s growth of 5.231 million barrels.

Alexander Sivtsov