The Dollar Index Closed in the Negative Zone. The Trade War Risks Weakened Again

Yesterday, the US dollar fell to a two-month low due to concerns about the beginning of the trade war. The US dollar index (#DX) closed in the negative zone (-0.44%). Today, the tension declined, as the US and China hinted at negotiations that should ease the concerns of the trade war beginning. As it became known, the US and China were negotiating to reduce the trade deficit.

The euro strengthened after the president of the Deutsche Bundesbank, Jens Weidmann, said that the forecasts of financial market participants about an increase in the interest rate in the middle of the next year could be confirmed. The attention of investors is also focused on the scandal concerning the Japanese Prime Minister Shinzo Abe. Today, a hearing will be held on this issue in the Parliament of Japan.

The "black gold" prices are recovering. At the moment, futures for the WTI crude oil are testing a mark of $65.65 per barrel. At 23:30 (GMT+3), a report on the API weekly crude oil stock will be published.

Market Indicators

Demand for risky assets recovered. Yesterday, there were aggressive purchases of the main US stock indices: #SPY (+2.74%), #DIA (+2.85%), #QQQ (+3.72%).

At the moment, the 10-year US government bonds yield is at the level of 2.84-2.85%.

The news feed on 2018.03.27:

- CB consumer confidence at 17:00 (GMT+3).

by JustMarkets, 2018.03.27

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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