The US Dollar Moved Away from Local Lows

Yesterday, the US dollar strengthened against the major world currencies. The dollar index (#DX) finished the trading session in the positive zone (+0.65%). Hurricane Irma deviated from the proposed trajectory. The consequences of the elements were significantly lower than expected. Geopolitical risks on the Korean peninsula weakened slightly, which caused a drop in demand for safe currencies. The growth of USD/CHF and USD/JPY quotes exceeded 100 and 125 points, respectively.

Today, the statistics from the UK is the focus of attention. The Office for National Statistics will publish an inflation report. At the moment, most experts expect the growth of key indicators.

Prices for "black gold" are recovering after a sharp drop last week. At the moment, futures for the WTI crude oil are traded near $48 per barrel.

Market Indicators

Yesterday, aggressive purchases were observed in the US stock market. Major stock indexes closed in the positive zone: #SPY (+1.07%), #DIA (+1.15%), #QQQ (+1.15%).

The 10-year US government bonds yield showes positive dynamics. At the moment, the indicator is at the level of 2.14-2.15%.

Today, we recommend you to pay attention to the following economic reports:
  • – inflation data in the UK – 11:30 (GMT+3:00);
  • – the number of open jobs in the JOLTS labor market – 17:00 (GMT+3:00).

by JustMarkets, 2017.09.12

We advise you to get acquainted with the daily forecasts for the major currency pairs.

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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