The Dollar Index Has Continued to Fall

Yesterday, the US dollar weakened again against the major world currencies due to the growth of political risks. Some representatives of the Republican Party refused to support the bill to replace the existing Obamacare healthcare.

The pound remains under pressure amid weak data on inflation. According to the report of the National Statistical Service of Great Britain, in June the consumer price index fell by 0.3% to 2.6% (year on year).

The best results were demonstrated by the Australian dollar. The Reserve Bank of Australia reported that positive changes in the labor market will support and ensure stable economic growth. The growth of the AUD/USD quotations exceeded 1.5%.

Today, the majors can show mixed results. Tomorrow, the Bank of Japan and the ECB will make decisions regarding the further monetary policy.

Market Indicators

At the moment, the major US stock indexes are near historical highs. Yesterday #SPY (SPDR S&P 500 ETF) closed at 245.66 USD (+0.05%).

The 10-year US government bonds yield fell sharply. At the moment the indicator is at the level of 2.27%.

The dollar index (#DX) closed the trading session in the negative zone (-0.47%).

Important economic reports on 2017.07.19:

- Statistics on the real estate market in the US at 15:30 (GMT+3:00);
- Crude Oil Inventories in the US at 17:30 (GMT+3:00).

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.