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Support for the US currency was provided by clarity in trade relations Foreign exchange reserves between the USA and China. The economic data from the US was mixed.
The demand for the pound has been resumed amid positive Brexit news. The RBA, as expected, kept the key marks of the monetary policy at the same level. The greenback has been declining against a basket of world currencies. The demand for risky assets has grown significantly amid optimism about a new stimulus package in the US. Financial markets are still under pressure due to the rapid spread of the COVID-19 epidemic.
Yesterday, the US dollar weakened slightly against the basket of major currencies. The British pound weakened against the US currency due to the uncertainty regarding the agreement between the EU and Britain. The US dollar fell against the basket of major currencies, but strengthened relative to the Japanese yen. The trade conflict between the US and China has receded into the background. The “black gold” prices have become stable. On Friday, the US dollar strengthened against the basket of major currencies. The British pound weakened significantly against the US dollar after the statements by Theresa May.
Investors took a wait-and-see attitude before the publication of important economic reports from the US. The US published mixed statistics on the labor market. The probability of an increase in the key interest rate of the Fed rose to 91.7%. The oil quotes recovered part of the losses. Participants of the financial markets are waiting for the publication of the FOMC protocols.
The US currency moves in different directions against the basket of majors. Investors are still concerned about the start of a new wave of the coronavirus epidemic. The bullish sentiment prevails in the “black gold” market. Today, the FOMC meeting minutes are in the spotlight. We also expect important economic releases. The dollar index (#DX) has updated local lows and closed in the red.
Last week, the US dollar strengthened significantly against a basket of world currencies. The trade conflict between Washington and Beijing has come to the fore again. Today, investors will assess important statistics from the UK. The US dollar is being traded without significant changes against a basket of currencies. Market tensions have increased due to a new decision by US President D. Trump. Yesterday, the United States published mixed economic data. Today, the publication of important economic news is not expected.
Also, financial market participants will be focused on US-China trade talks. The US dollar has not changed a lot against a basket of currency majors. Market sentiment is still volatile due to rising geopolitical risks, as well as the oncoming Brexit. We expect the release of important statistics from the UK, Germany and the US. The US dollar strengthened again relative to currency majors.
The potential for further growth is still high. Sentiment in the financial markets improved amid prospects for a settlement of the trade conflict between Washington and Beijing. We expect important statistics from Germany.
Financial markets are still under pressure due to the coronavirus pandemic. The US dollar is declining against a basket of currency majors due to uncertainty concerning the new package of http://hanabu.com/?p=34520 measures to help the US economy. Japan reported that the country’s GDP fell by 7.8% in the second quarter. The US dollar has continued to rise against the basket of world currencies.
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We expect economic reports from the UK, the Eurozone and Canada. The US dollar remains under pressure after the Fed’s press conference.
The potential for further growth remains. The British pound is declining due to weak economic statistics. US financial Finexo Overview markets are closed due to the holiday. The Bank of Japan kept the key marks of monetary policy at the same level.
The “black gold” prices are falling after growth the day before. The main currency pairs have become stable before the announcement of the results of the Fed meeting. We recommend paying attention to the comments by representatives of the Central Bank, as well as to the updated FOMC economic forecasts. The trade negotiations between Washington and Beijing have escalated again. The US dollar is still under pressure after the Fed comments.
The dollar index shows positive dynamics. Prospects of the US and China concluding a trade deal support the demand for the greenback. At the same time, investors are worried about the likely start of Donald Trump’s impeachment, as well as early elections in the UK. The US dollar continues to strengthen against a basket of world currencies. The dollar index has updated two-year highs. The demand for the US currency is at a high level.
The American currency did not change a lot relative to the basket of major currencies. Investors closely monitor relations between the US and China.