Aug. 12: American session

Tatiana Norkina, FBS analyst 


American dollar was rising to new maximums of this year today, to 81.74, largely due to the weakening of European currencies, after the release of negative statistics for the euro area. It was followed by a correction to 81.60. Immediately on reaching new levels. However, the positive dynamics continues and, at the opening session of the US it’s more than 0.15%.

Stock trading opened quite calm. DJIA index adds about 0.02% and the S & P500 - 0.05%.

Closer to 22-00 UT, data on last month budget execution for the United States is expected. 

Strengthening of the dollar in the foreign exchange market is different. For example, EUR / USD pair fell again to 1.3335 support area but then grew to around 1.3360. Currency pair USD / CHF tested the 0.9100 figure and then collapsed in the support area of 0.9080. GBP / USD pair is trying to find a bottom and begin corrective recovery. Indeed, the proximity of 1.6730 support can give reason to a reduction in short positions of players. Bulls did not punch resistance 102.40 : day consolidation ended just below depreciation of the currency pair to 102.10 support.

Scroll to top