The Dollar Index Has Updated Local Highs

Yesterday, the US dollar strengthened again against the majors. The dollar index (#DX) closed the trading session in the positive zone (+0.65%). "While implementing the program of the assets buyout reduction, the weak level of inflation in the Eurozone will be taken into account," the chief economist of the ECB Peter Prat says. The political uncertainty after the referendum in Catalonia still puts pressure on the single currency.

Support for the US dollar is provided by optimistic economic reports. In September, the index of business activity in the manufacturing sector from ISM reached a record high in the last few years. The indicator increased from 58.8 to 60.8.

The Reserve Bank of Australia, as expected, retained the key interest rate at the previous level of 1.50%. The regulator intends to adhere to the current rate of the monetary policy, which will contribute to stable economic growth.

The oil quotes moved away from local highs. During yesterday's trading, futures for the WTI crude oil fell by more than 2%. At the moment, the price of "black gold" is testing the mark of $50.5 per barrel.

Market Indicators

In the US stock market, bullish sentiments still prevail. Yesterday #SPY (SPDR S&P 500 ETF) updated its record high and closed at $252.32 (+0.43%).

At the moment, the 10-year US government bonds yield is at the level of 2.34-2.35%.

News background on 2017.10.03:

At 11:30 (GMT+3:00) the index of business activity in the construction sector of the UK will be released.

The financial markets of China and Germany will be closed due to the holiday.

by JustMarkets, 2017.10.03

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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