by JustForex
The US dollar has not changed a lot against a basket of major currencies. Financial market participants took a wait-and-see position before the G20 summit. First of all, the attention of investors will be focused on the meeting between the US President Donald Trump and China’s leader Xi Jinping. The US dollar index (#DX) closed the trading session with a slight increase (+0.02%).
Yesterday, weak economic statistics from the United States were published. Thus, pending home sales index fell by -2.6% in October, while experts expected an increase of 0.8%. Also, investors assess the published FOMC minutes, according to which the Fed leaders consider the need to raise the base interest rate in December. At the same time, the regulator may open a question of slowing down the monetary policy tightening in the future.
Today, weak economic data from China have been also published during the Asian trading session. The index of economic activity in the manufacturing sector (PMI) counted to 50.0 in November, although investors forecasted 50.2.
The “black gold” prices are recovering. At the moment, futures for the WTI crude oil are testing the mark of $51.25 per barrel.
Yesterday, sales prevailed in the US stock market: #SPY (-0.23%), #DIA (-0.10%), #QQQ (-0.33%).
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The 10-year US government bonds yield has stabilized. Currently, the indicator is at the level of 3.01-3.02%.
– Consumer price index in the Eurozone at 12:00 (GMT+2:00);
– GDP data in Canada at 15:30 (GMT+2:00).
by JustForex