The US Dollar Index Is Testing Monthly Lows

The US dollar continues to lose ground against the basket of major currencies. The US dollar index (#DX) closed the trading session with a slight decrease (-0.05%). The US and Mexico reached a trade agreement, as a result, tension in international trade relations has decreased, which supports the demand for risky assets.

Investors also closely follow the news about Brexit. Yesterday, Theresa May hastened to assure that even if the UK and the EU did not reach the agreement after Brexit, this would not be the end of the world for the UK economy.

In addition, CB consumer confidence index was published in the US yesterday, which counted to 133.4 and was higher than the expected value of 126.7. Today, financial market participants expect data on the US GDP. Pending home sales index will also be published in the US.

The "black gold" prices are consolidating after the decline the day before. At the moment, futures for the WTI crude oil are testing a mark of $68.40 per barrel. At 17:30 (GMT+3:00) the US crude oil inventories will be published.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.05%), #DIA (+0.02%), #QQQ (+0.15%).

At the moment, the 10-year US government bonds yield is at the level of 2.86%-2.87%.

The news feed on 2018.08.29:

- Data on the US GDP at 15:30 (GMT+3:00);
- Pending home sales index in the US at 17:00 (GMT+3:00).

by JustMarkets, 2018.08.29

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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