The Dollar Index Has Become Stable. The Conflict Between Washington and Beijing Has Escalated Again

by JustForex

On Friday, the US currency fell against a basket of currency majors. The US dollar index (#DX) closed in the negative zone (-0.07%). At the end of the week, ambiguous US economic statistics were published. On Thursday, the number of initial jobless claims was published, which has exceeded expected values again. So, the indicator counted to 2.981K, while experts forecasted 2.500K. On Friday, a report on retail sales was published, which fell by -16.4% instead of the expected decline by -12.0%.

China intends to take measures to protect the interests of Chinese companies in response to US actions. China calls on the United States to immediately stop speculating and create normal conditions for trade and cooperation between enterprises. China is determined to protect the legitimate interests of Chinese companies.

The “black gold” prices are rising. Currently, futures for the WTI crude oil are testing the $30.95 mark per barrel.

Market indicators

On Friday, there was the bullish sentiment in the US stock market: #SPY (+0.46%), #DIA (+0.07%), #QQQ (+0.65%).

The 10-year US government bonds yield has increased slightly. At the moment, the indicator is at the level of 0.64-0.65%.

• According to preliminary data, Japan’s GDP fell by 0.9% (q/q) in the first quarter. Experts expected a decrease by 1.2%.

by JustForex