The US Currency Is Stable

Yesterday, the US dollar strengthened against the basket of major currencies. As it became known, the summit between the United States and North Korea will soon happen, despite preceding Donald Trump's comments about its cancellation. Kim Jong Un, in turn, intends to adhere to the denuclearization of the Korean peninsula. The US dollar index (#DX) closed in the positive zone (+0.24%) yesterday. This week investors expect important economic data from the US.

Political uncertainty in Italy has hit the euro significantly. Italian President Sergio Mattarella has rejected Paolo Savona as economy minister, who severely criticized the euro. The League and Five Star Movement refused to form a government, as a result, repeat elections are likely to take place in Italy.

The "black gold" prices are consolidating after a significant decline last week. At the moment, futures for the WTI crude oil are testing a mark of $66.65 per barrel.

Market Indicators

Yesterday, there was a variety of trends in the US stock market: #SPY (-0.24%), #DIA (-0.22%), #QQQ (+0.10%).

At the moment, the 10-year US government bonds yield is at the level of 2.87-2.88%.

The news feed on 2018.05.29:

- CB consumer confidence index in the US at 17:00 (GMT+3:00).

by JustForex, 2018.05.29

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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