By JustForex
The US currency continued to rise against the basket of major currencies after Powell’s, the head of the Fed, positive statements. The US dollar index (#DX) updated the monthly highs and closed in the positive zone (+0.18%). However, the trade war remains the focus of attention. Representatives of the US White House believe that Xi Jinping, President of the People’s Republic of China, obstructs negotiations and the achievement of agreements between the countries. At the same time, the EU intends to introduce duties in return on the import of automobiles to the US from Europe. On July 25 representatives from the European Union are going to visit Washington, where, most likely, the situation will be clarified.
The US dollar is also supported by the index of manufacturing activity from the Federal Reserve Bank for July, published yesterday, which counted to 25.7 and was above the forecasted value of 21.6. Also yesterday, data on the volume of retail sales in the UK for June were published: the indicator dropped to -0.5%, while experts expected +0.1%. Today we expect important statistics from Canada.
The “black gold” prices are moderately growing. At the moment, futures for the WTI crude oil are testing a mark of $68.35 per barrel.
Yesterday, sales were observed on the US stock market: #SPY (-0.38%), #DIA (-0.49%), #QQQ (-0.50%).
At the moment, the yield of 10-year US government bonds is at the level of 2.84-2.85%.
Free Reports:
– Reports on inflation and retail sales in Canada at 15:30 (GMT+3:00).
By JustForex, 2018.07.20