The Dollar Index Is Declining

Yesterday, the US dollar weakened against the basket of major currencies. The dollar index (#DX) closed in the negative zone (-0.31%). The US dollar was under pressure after the US President, Donald Trump, criticized the Fed's policy once again. Trump is dissatisfied with the fact that the Fed Chairman, Jerome Powell, is aimed at a gradual increase in the interest rate. President believes that the Fed should make greater contribution to the development and growth of the US economy. Today, the US currency has continued to lose ground.

At the moment, financial market participants expect negotiations between the US and China, which are likely to weaken the trade conflict. Also, negotiations between the EU and the UK regarding the future of Brexit should take place. We recommend following up-to-date news.

The "black gold" prices are moderately growing. At the moment, futures for the WTI crude oil are testing a mark of $65.50 per barrel. At 23:30 (GMT+3:00), a report on the API weekly crude oil stock will be published.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (+0.21%), #DIA (+0.36%), #QQQ (-0.09%).

At the moment, the 10-year US government bonds yield is at the level of 2.82%-2.83%.

The news feed on 2018.08.21:

Today, important economic data are not expected to be published.

by JustForex, 2018.08.21

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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