The US Dollar Won Back Part of the Losses

On Friday, the US dollar strengthened against a basket of major currencies. The dollar index (#DX) closed yesterday in the green zone (+0.30%). Optimistic data on the US labor market published on Friday supported the greenback. Thus, the number of people employed in the nonfarm sector of the United States grew by 266K instead of 186K. The unemployment rate counted to 3.5% instead of the forecasted value of 3.6%. At the moment, investors expect the US President Trump’s decision regarding the introduction of new tariffs for China, which is scheduled for December 15.

The British pound strengthened against the US dollar. On Thursday, December 12, general elections will be held in the British Parliament regarding the Brexit issue. The currency was supported amid expectations that the Conservative Party of British Prime Minister Boris Johnson would receive an absolute majority in the election.

The "black gold" prices are falling after growth the day before. Currently, futures for the WTI crude oil are testing the $58.65 mark per barrel.

Market Indicators

On Friday, there was the bullish sentiment in the US stock market: #SPY (+0.91%), #DIA (+1.20%), #QQQ (+1.07%).

The 10-year US government bonds yield has risen. At the moment, the indicator is at the level of 1.82-1.83%.

The Economic News Feed for 09.12.2019:
  • - Japan's GDP data at 02:50 (GMT+2:00).

by JustForex, 2019.12.09

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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