May 23: American Session
Tatiana Norkina, FBS analyst
The index of the U.S. dollar strengthened for a third day in a row. Today, the index value was close to the level of 80.50, but then adjusted to 80.40, and adds to this moment about 0.15%. Some support was provided by the data on new construction: new home sales rose to 433 thousand in the last month, against analyst expectations of 425 thousand. Main U.S. stock markets are also in positive area, adding 0.30 % each.
Against this background, strengthening of the dollar against other major currencies continues. Thus, the euro fell against the dollar to 1.3610 support. The pair GBP/USD fell to 1.6830 support, on which consolidation is currently going. USD/CHF currency pair is trading around the area of 0.8960, after the establishment of a new maximum of 0.8970. The pair USD/JPY almost tested the figure – it lacked only four pips.