The Dollar Index Has Updated Local Lows. Investors Expect the Meetings of the Central Banks

Yesterday, the US dollar continued to lose ground relative to currency majors. The dollar index (#DX) closed in the negative zone (-0.21%) yesterday. At the moment, the news feed on the US currency is rather calm. Investors are waiting for the meetings of the Fed and the ECB, which will be held next week. Demand for the euro is supported against the forecasts about tightening monetary policy by the ECB.

Today, a report on GDP of Japan has been published. For the first quarter, the GDP index fell to -0.2%, although experts expected a value of -0.1%. Today, statistics on the labor market in Canada are in the focus of attention.

The "black gold" prices are moderately declining after significant growth during yesterday's trading session. At the moment, futures for the WTI crude oil are testing a mark of $65.60 per barrel.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (-0.01%), #DIA (+0.40%), #QQQ (-0.81%).

At the moment, the 10-year US government bonds yield is at the level of 2.92-2.93%.

The economic calendar on 2018.06.08:

- Statistics on the labor market in Canada at 15:30 (GMT+3:00).

by JustForex, 2018.06.08

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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