Demand for the American Currency Has Grown Significantly

Yesterday, the US dollar strengthened against the major world currencies against the backdrop of the publication of positive statistics. The dollar index (#DX) closed in the positive zone (+0.47%). In July, the volume of retail sales in the US increased by 0.6%. Market expectations were at the level of 0.4%. The probability of tightening the monetary policy of the Fed in December this year increased slightly. At the moment, the indicator is at 46.8%. The pressure on the Korean peninsula is declining, which also supports the US dollar. Today investors’ attention will be focused on the publication of the FOMC protocols.

The UK currency remains under pressure. Yesterday, the pound weakened against the US dollar by more than 100 points. The National Statistical Office of Great Britain reported that in July the consumer price index was -0.1%. It should be recalled that earlier the Bank of England cooled the forecast for the GDP and wages growth in the country.

At the moment, prices for “black gold” are in a sideways trend. Futures for the WTI crude oil are being traded close to $48 per barrel.

Market Indicators

Yesterday, the major US stock indexes closed the trading session without any major changes. SPY (SPDR S&P 500 ETF) closed at $246.51 (-0.01%).

The 10-year US government bonds yield shows positive dynamics. At the moment the indicator is at the level of 2.27%.

Today we recommend paying attention to the following events: