The Dollar Index Has Reached a 2-month Low

Last week, the US dollar continued to lose ground relative to the major leading currencies. The dollar index (#DX) closed in the negative zone (-0.92%). The indicator has reached a minimum of the last two months. The Fed's protocol indicates that officials are concerned about the low level of inflation in the country. The central bank plans to assess the new economic data before determining the further rate of tightening the monetary policy. Additional pressure on the US currency is put by mixed economic reports. At the moment, investors are expecting additional drivers. We recommend you to keep track of the latest information on the tax reform in the US.

Today, the key event will be the publication of statistics on the real estate market in the United States. Experts expect a decrease in key indicators. We also recommend paying attention to the US government bonds yield.

The "black gold" price a bit moved away from the local highs. At the moment, futures for the WTI oil are testing a mark of $58.5 per barrel. Nevertheless, the bullish sentiment still prevails on the market.

Market Indicators

On Friday, the major US stock indexes again updated historical highs: #SPY (+0.23%), #DIA (+0.13%), #QQQ (+0.37%).

At the moment, the 10-year US government bonds yield is consolidating. The indicator is at the level of 2.34-2.35%.

The news feed on 2017.11.27:

At 17:00 (GMT+2:00) the data on the sales of new housing in the US will be released.

by JustForex, 2017.11.27

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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