The Dollar Index Has Updated Local Lows

During yesterday’s trading session, the US dollar continued to lose ground relative to currency majors. The dollar index (#DX) closed the trading session in the negative zone (0.49%). The American currency was under pressure due to aggressive sales in the stock market and weak data on US inflation. In September, core consumer price index counted to 0.1% (m/m), which is below market expectations of 0.2% (m/m).

Donald Trump criticized the Fed policy once again. The US President called the Central Bank officials “crazy” because they plan to follow the interest rate raising. The President of the Federal Reserve Bank of St. Louis, James Bullard, believes that interest rates have reached the optimal value. The ECB protocol indicated that the regulator planned to adhere to the current rate of monetary policy. Investors expect new information regarding the Brexit process.

Oil quotes show positive dynamics. At the moment, futures for the WTI crude oil are testing a mark of $71.80 per barrel.

Market Indicators

Major US stock indices continue to show negative dynamics: #SPY (2.20%), #DIA (2.26%), #QQQ (1.24%).

The 10year US government bonds yield moved away from sevenyear highs. At the moment, the indicator is at the level of 3.183.19%.

Export and import price indices in the US at 15:30 (GMT+3:00);Michigan consumer expectations and sentiment at 17:00 (GMT+3:00).

by JustMarkets, 2018.10.12