The US Currency Has Moved Away from Annual Highs

On Friday, the US dollar continued to decline against the basket of major currencies. Investors fixed profits after the prolonged growth of the US currency. This week, financial market participants expect a report on the volume of retail sales in the US, which will be published on May 15. The US dollar index (#DX) closed in the negative zone (-0.12%) on Friday.

Euro was under pressure after it became known about the slowdown in economic growth in the Eurozone. This made investors think that the ECB doesn't intend to curtail its quantitative easing program. On Friday, ECB President Mario Draghi also said that the Eurozone needs a new "fiscal instrument" that will help the less developed countries of the Eurozone.

The "black gold" prices are getting cheaper against the growth of drilling activity in the US. Futures for the WTI crude oil are testing a mark of $70.40.

Market Indicators

On Friday, there was a variety of trends in the US stock market: #SPY (+0.31%), #DIA (+0.44%), #QQQ (-0.09%).

At the moment, the 10-year US government bonds yield is at the level of 2.96-2.97%.

The news feed on 2018.05.14:

Important economic reports are not expected to be published today. We recommend paying attention to the speeches of the FOMC representatives.

by JustForex, 2018.05.14

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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