Sept.4: American session
Tatiana Norkina, analyst at FBS
The US Dollar index has leapt abruptly to the 83.48 mark after ECB decision to cut interest rates from 0.15% to 0.05%. By the American session opening, the index is adding over 0.60%.
Stock markets have also opened on the positive: the major indexes are adding slightly above 0.30%. The main driver was the data on the US trade balance, the deficit of which has decreased to $40.55 billion.
Currency markets have responded rather nervously to the ECB decision. Thus, the EUR/USD pair hs tumbled to new lows of 1.2995. The GBP/USD currency pair has fallen to 1.6390, then returning to the 1.6425 area. Bears continue stepping up. USD/CHF has soared to new highs - 0.9268. The USD/JPY pair, however, is still trading under the 105.00 figure.