Currency Majors Showed Mixed Results

During yesterday's trading, the US dollar fell slightly against the basket of major currencies. As the Office of the US Trade Representative reported, the US authorities would impose 25% duties on import of Chinese goods to the United States from August 23. The list of goods subject to sanctions will also be expanded. China, in turn, will impose duties on American goods in the same amount on August 23. Experts believe that the trade war may get worse. The US dollar index (#DX) closed in the negative zone (-0.11%) yesterday.

The British pound continued to decline due to uncertainty concerning Brexit. Today, during the Asian trading session, the Reserve Bank of New Zealand has decided on the interest rate that counted to 1.75%, as investors expected. China also published positive statistics on consumer prices. We expect important statistics from the US.

The "black gold" prices are moderately recovering after the fall the day before. At the moment, futures for the WTI crude oil are testing a mark of $67.00 per barrel.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (-0.04%), #DIA (-0.20%), #QQQ (+0.12%).

At the moment, the 10-year US government bonds yield is at the level of 2.95% -2.96%.

The news feed on 2018.08.09:

- The number of initial jobless claims in the US at 15:30 (GMT+3:00);
- Producer price index in the US at 15:30 (GMT+3:00).

by JustForex, 2018.08.09

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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