Analysis of the American Trading Session

During the American session on Thursday, April 26, 2018, the US dollar strengthened its positions against most of the major market currencies. Despite some decline in the yield of the US government bonds, the US currency has maintained a strong position. Some influence on the course of trading was provided by mixed data on the US. For details, see “The US Dollar is Stable”

The euro fell against the US dollar in the course of American trading, losing all previously earned positions. Some support for the euro at the beginning of the American session was provided by ECB President Mario Draghi. Draghi noted the growth of inflation in the medium term, as well as the confident and large-scale economic growth of the euro area. In turn, there were no concrete statements about the changes in monetary policy, which put pressure on the single currency. For more details, see “The euro is recovering positions. Details of the ECB press conference»

Alexander Sivtsov