The 4th of September: American Session



Tatiana Norkina, an analyst of FBS

The index of the American dollar has risen sharply to the level of 83.48, after the decision of ECB about cutting the interest rates from 0.15% to 0.05%. At the opening the session, the American Index adds more than 0.60%.

The stock markets were also opened positively: the major indexes added slightly more than 0.30%. The main driver was the data of the US trade balance which deficit went down to $ 40.55 billion.

The Currency markets have responded to the decision of the ECB rather nervously. Thus, the pair EUR / USD has fallen to a new low of 1.2995. Whereas the currency pair GBP / USD has declined to 1.6390, then returned to 1.6425 level. Bears continue their forwardness. USD / CHF has soared to new high - 0.9268. However the pair USD / JPY is still trading under the figure of 105.00.


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