The US Currency Has Recouped Some of the Losses

During yesterday’s trading, the US dollar strengthened against the major world currencies. The dollar index (#DX) closed the trading session in the positive zone (+0.56%). This is due to the release of positive statistics. The Institute for Supply Management reported that in June the index of business activity in the manufacturing sector increased by 5.3% to 57.8. Market expectations were at 55.2. This report strengthened investors’ expectations that in December 2017 the Federal Reserve could once again increase the range of the key interest rate.

The Australian dollar is under pressure after the RBA decision. The regulator, as expected, kept the interest rate at the previous level of 1.50%. In May, retail sales in Australia increased by 0.6%. Experts expected the figure of 0.2%.

The “black gold” quotations continue to recoup. At the moment, the WTI oil price is testing the mark of $47.00 per barrel.

Market Indicators

Yesterday, US stock indices showed a variety of trends: #SPY (+0.22%), #DIA (+0.59%), #QQQ (1.05%).

The 10year US government bonds yield is close to 2month highs (2.342.35%).

The Economic Calendar on 2017.07.04:

Today in the United States Independence Day is celebrated. Financial markets will be closed.

We advise you to pay attention to statistics from the UK. At 11:30 (GMT+3:00), the index of business activity in the construction sector will be published.

by JustMarkets, 2017.07.04