by JustForex
The greenback continues to hold positions against currency majors. The dollar index (#DX) approached annual highs. Global political uncertainty and the trade conflict between Washington and Beijing are still in the focus of attention. The British pound is under pressure due to the possible consequences of the “hard” Brexit. The Bank of England representative, Michael Saunders, who is committed to tightening monetary policy, said that continuous uncertainty in the country’s economy would lead to the interest rate decline.
The New Zealand dollar continued to lose ground against the US currency amid weak data on business confidence in New Zealand. Germany published rather optimistic statistics on the labor market for September. The Office for National Statistics reported that the country’s GDP growth counted to 1.3% (YoY) in the second quarter compared to market expectations of 1.2%. The unemployment rate in the Eurozone fell from 7.5% to 7.4%.
Oil quotes continue to show negative dynamics. At the moment, futures for the WTI crude oil are testing the $55.25 mark per barrel.
On Friday, there was the bearish sentiment in the US stock markets: #SPY (-0.54%), #DIA (-0.33%), #QQQ (-1.24%).
The 10-year US government bonds yield has moved away from local highs. At the moment, the indicator is at the level of 1.69-1.70%.
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by JustForex