Demand for the US Currency Is Still High

The US dollar continued to strengthen against the basket of major currencies. Yesterday, an inflation report in the US was published, which justified investors’ forecasts. The core consumer price index for June, as expected, counted to 0.2%. However, the growth of the US currency is restrained due to the escalated trade relations between the US and China. The US dollar index (#DX) closed in the positive zone (+0.10%).

As it became known, the British government chose a “soft” version of the country’s exit from the European Union. Yesterday, the Brexit plan in the form of a “white paper” was published. So far this is the most complete document revealing details about the withdrawal of the UK from the EU.

Today, the news feed is calm, so the quotes dynamics can be restrained. Investors assess the risks of trade conflict between the US and China, as well as the new Brexit plan.

The “black gold” prices are consolidating. At the moment, futures for the WTI crude oil are testing a mark of $70.15 per barrel.

Market Indicators

Yesterday, the major US stock indices closed in the positive zone: #SPY (+0.91%), #DIA (+0.90%), #QQQ (+0.71%).

At the moment, the 10year US government bonds yield is at the level of 2.852.86%.

Important economic news is not expected to be published today.

by JustMarkets, 2018.07.13