by JustForex
The US currency is rising again relative to a basket of currency majors. The US dollar index (#DX) closed in the positive zone (+0.49%) on Friday. The tension between the United States and China is in the spotlight after China announced its intention to consider the Hong Kong national security law. White House officials, in turn, said that the law could lead to US sanctions, which would further damage strained relations between countries.
The single currency is under pressure after the release of the last ECB meeting account, which was published on Friday. According to the protocol, the leadership of the Central Bank does not count on a quick recovery of the Eurozone economy after the crisis caused by the COVID-19 pandemic. Also, the regulator should be ready to adjust the bond and other instruments purchase program if the introduced incentive measures are not enough to restore the economy.
The “black gold” prices have become stable after a prolonged rally. Currently, WTI crude oil futures are testing the $33.45 mark per barrel.
On Friday, there was a variety of trends in the US stock market: #SPY (+0.19%), #DIA (-0.06%), #QQQ (-0.35%).
The 10-year US government bonds are consolidating. At the moment, the indicator is at the level of 0.65-0.66%.
Free Reports:
UK financial markets will be closed due to Bank holidays, and US markets – due to Memorial Day.
by JustForex