The US Currency Weakened

The US dollar slightly weakened against the basket of major currencies during yesterday's trading. The US dollar index (#DX) closed in the negative zone (-0.20%). Yesterday, a report on JOLTS job openings was published. In June, the number of jobs increased to 6.662M, but it was still worse than the forecasts of investors who expected the value of 6.740M. In May, the value was revised from 6.638M to 6.659M.

The Canadian dollar fell against the US dollar. The index of economic activity from Ivey counted to 61.8 in July and was worse than the forecasted value of 64.2. Today, during the Asian trading session, mixed data on China's trade balance have been also published.

The "black gold" prices are rising after the US sanctions against Iran have again come into effect. At the moment, futures for the WTI crude oil are testing a mark of $69.15 per barrel. At 17:30 (GMT+3:00), a report on the US crude oil inventories will be published.

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.33%), #DIA (+0.50%), #QQQ (+0.36%).

At the moment, the 10-year US government bonds yield is at the level of 2.96% -2.97%.

The news feed on 2018.08.08:

Important economic news is not expected to be published today.

by JustForex, 2018.08.08

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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