The US Dollar Weakened Against the Basket of World Currencies

Yesterday, the US dollar weakened against the major world currencies. The National Association of Realtors USA reported that in April the index of pending sales in the real estate market fell by 1.3%. The report on the German labor market was ambiguous. The consumer price index in the Eurozone (May) slowed to 1.4%. In March, Canada's GDP growth was 0.5%, exceeding market expectations at the level of 0.2%.

Today, the Australian dollar is under pressure. This is due to the publication of weak statistics from China. In May, business activity in the manufacturing sector from Caixin fell by 1.4% to 49.6.

During the Asian trading session, futures for "black gold" showed a positive trend (WTI oil +0.77%). At the moment, the upward trend remains, which can support commodity currencies.

Market Indicators

The US stock indexes continue to test historical highs. During yesterday's trading #SPY (SPDR S&P 500 ETF) finished trading at 241.44 USD (-0.02%).

Yesterday, the 10-year US government bonds yield fell and reached 2.20%.

The dollar index (#DX) finished the trading session in the negative zone (-0.31%).

The economic calendar on 2017.06.01:

  • – business activity in the manufacturing sector of Germany and the Eurozone at 10:55/11:00 (GMT+3:00);
  • – at 11:30 (GMT+3:00) the index of business activity in the manufacturing sector of Great Britain will be released;
  • – preliminary report on the labor market in the US from ADP at 15:15 (GMT+3:00);
  • – the index of business activity in the manufacturing sector of the US from ISM at 17:00 (GMT+3:00).

by JustMarkets, 2017.06.01

We recommend 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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