by JustForex
Yesterday, the US dollar strengthened against currency majors. Demand for the American currency is still high due to concerns about international trade and instability in the markets of developing countries. The dollar index (#DX) closed the trading session in the positive zone (+0.31%). Additional support was provided by positive statistics. In August, the index of economic activity in the US manufacturing sector counted to 61.3, which was higher than market expectations of 57.6.
Today, Bank of Canada interest rate decision will be the key event. Experts forecast that the regulator will keep the interest rate at the previous level of 1.50%. It should be noted that more than 75% of financial market participants expect that the Central Bank will tighten monetary policy in October. We recommend paying attention to the comments by the Bank of Canada representatives.
Oil quotes are declining. At the moment, futures for the WTI crude oil are testing a mark of $69.15 per barrel.
Yesterday, the major US stock indices closed in the negative zone: #SPY (-0.17%), #DIA (-0.05%), #QQQ (-0.43%).
The 10-year US government bonds yield shows positive dynamics. At the moment, the indicator is at the level of 2.89-2.90%.
Free Reports:
– A number of indices of economic activity in the Eurozone at 11:00 (GMT+3:00);
– The index of economic activity in the UK services sector at 11:30 (GMT+3:00);
– Bank of Canada interest rate decision at 17:00 (GMT+3:00).
by JustForex