The US Dollar Index Closed in the Negative Zone

September 19, 2018

by JustForex

The US dollar fell slightly against the basket of major currencies. The US dollar index (#DX) closed in the negative zone (-0.28%). However, in general, demand for the American currency is still high. Yesterday, the US introduced new duties on import of Chinese goods $200 billion worth. At the same time, Donald Trump threatened Beijing that if China retaliated, the US would be forced to introduce additional tariffs $267 billion worth.

Today, during the Asian trading session, a report on the monetary policy of the Bank of Japan has been published. As it became known, the regulator left the monetary policy unchanged. The 10-year government bonds yield of Japan remained at the level of around 0%, while the BoJ interest rate on deposits is at the level of -0.1%.

The “black gold” prices show positive dynamics. At the moment, futures for the WTI crude oil are testing a mark of $69.75 per barrel. Investors expect a report on the US crude oil inventories at 17:30 (GMT+3:00).

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.54%), #DIA (+0.74%), #QQQ (+0.83%).

The 10-year US government bonds yield continues to show positive dynamics. At the moment, the indicator is at the level of 3.04-3.05%.


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The news feed on 19.09.2018:

– Consumer price index in the UK at 11:30 (GMT+3:00);
– Statistics on the real estate market in the US at 15:30 (GMT+3:00).

We also recommend paying attention to the speech by the ECB president Draghi.

by JustForex

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