The US Dollar Index Is in the Red

The US dollar weakened significantly against a basket of major currencies during yesterday's trading. It became known that the US President Trump may impose a ban on the use of equipment made by Chinese companies Huawei and ZTE for US companies. Such actions may again escalate trade relations between the United States and China. In light of these events, the demand for safe assets has increased significantly. The dollar index (#DX) closed yesterday in the negative zone (-0.59%).

Weak economic statistics put pressure on the US currency. CB consumer confidence index in December counted to 128.1 and was worse than the expected value of 133.7. Today we recommend paying attention to statistics on the real estate market in the United States.

The "black gold" prices have been recovering. At the moment, futures for the WTI crude oil are close to $46.00 per barrel. At 18:00 (GMT+2:00), a report on crude oil inventories will be published in the United States.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.77%), #DIA (+1.11%), #QQQ (+0.39%).

At the moment, the 10-year US government bonds yield is at the level of 2.77-2.78%.

The news feed on 28.12.2018:

- Pending home sales index in the US at 17:00 (GMT+2:00).

by JustMarkets, 2018.12.28

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.

Abrir cuenta

Consigue análisis gratis

* campos obligatorios