by JustForex
Yesterday, the US dollar weakened against a basket of major currencies. The US dollar index (#DX) closed in the negative zone (-0.34). US President, Donald Trump, has accused China of the fact that the country could stop the coronavirus before it spreads around the world. It should be recalled that the US administration is conducting a “serious investigation” of the occurrence and spread of the virus. US Secretary of State, Mike Pompeo, says that the USA is sure that Beijing did not report the outbreak on time and hid the danger of the virus. Today, the number of victims of coronavirus has reached 3 million.
The Australian dollar has updated monthly highs, as signs of progress in restarting economies have helped the currency to recover some of its losses after sharp sales in March. Australia has managed to avoid a large number of deaths from COVID-19, and now the country is starting to ease restrictions on movement.
British Prime Minister, Boris Johnson, recovered from the coronavirus and returned to work yesterday. During his speech, the official stated his confidence that the country will be able to overcome the coronavirus, but he also emphasized that it is too early to weaken quarantine. This will happen only when the United Kingdom is convinced that there will be no second virus peak.
The “black gold” prices continue to decline. At the moment, the WTI crude oil futures are testing the mark of $11.60 per barrel. At 23:30 (GMT+3:00) weekly crude oil inventories according to the American Petroleum Institute will be published.
Bullish sentiments were observed yesterday in the US stock market: #SPY (+1.44%), #DIA (+1.47%), #QQQ (+0.80%).
Free Reports:
The 10-year US government bonds yield is recovering. At the moment, the indicator is at the level of 0.66-0.67%.
by JustForex