The Dollar Index Has Updated Local Lows. Investors Expect US Economic Releases

Greenback has started declining relative to currency majors. The dollar index (#DX) has updated local lows. The coronavirus epidemic remains in the focus of investors' attention. The United States has recorded a new world record for COVID-19 infections. The number of people infected around the world has exceeded 12 million.

The UK government has introduced a new plan to support the economy in a pandemic, which provides incentive measures totalling about 30 billion pounds. Today, investors will evaluate the latest data on jobless claims in the United States.

Black gold prices are consolidating. At the moment, WTI crude oil futures are testing the $40.80 per barrel mark.

Market indicators

Bullish sentiment was observed yesterday in the US stock market: #SPY (+0.76%), #DIA (+0.65%), #QQQ (+1.32%).

The 10-year US government bonds yield has stabilized. At the moment, the indicator is at the level of 0.65-0.66%.

The news feed for 2020.07.09:
  • - The number of jobless claims in the United States at 15:30 (GMT+3:00);
  • - Statistics on the real estate market in Canada at 15:30 (GMT+3:00).

by JustForex, 2020.07.09

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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