The Dollar Index Keeps the Current Levels

The US currency weakened slightly against the basket of major currencies. Yesterday it became known that China refused to negotiate with the US regarding trade tariffs. The visit by VicePremier of the State Council of the People’s Republic of China, Liu He, which should be held this week, was canceled. The trade war between the US and China is escalating. The US dollar index (#DX) closed in the negative zone (0.02%).

Yesterday, the ECB President, Mario Draghi, gave a speech at the European Parliament Committee on Economic and Monetary Affairs. The official assumes that the core inflation in the Eurozone would intensify in the near future due to the expected acceleration of wage growth. Draghi also noted the stable growth of the Eurozone economy and the stability of the labor market.

The British pound is still in the focus of investors’ attention. Most of the officials of government of the British Prime Minister Theresa May supported the variant of a trade agreement with the European Union, similar to the existing agreement between the EU and Canada.

The “black gold” prices show positive dynamics. At the moment, futures for the WTI crude oil are testing a mark of $72.25 per barrel.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (0.33%), #DIA (0.64%), #QQQ (+0.10%).

At the moment, the 10year US government bonds yield is at the level of 3.093.10%.

Consumer confidence index in the US at 17:00 (GMT+3:00).

by JustMarkets, 2018.09.25