The Dollar Index Has Updated Monthly Highs

Yesterday, the US dollar strengthened against a basket of major currencies. Financial markets participants have started to buy actively the US currency after it was reported that Washington intended to introduce duties for all remaining China imports by early December if negotiations between the US President Donald Trump and China's President Xi Jinping lead to nothing. The US dollar index (#DX) closed in the positive zone (+0.23%). The potential for growth remains.

The euro weakened after it became known that German Chancellor Angela Merkel was not going to run again for the Christian Democratic Union of Germany leader. The Japanese yen also weakened significantly against the US dollar amid the rise in the Asian stock market.

The "black gold" prices decreased slightly. At the moment, futures for the WTI crude oil are testing a mark of $66.90 per barrel. At 22:30, a report on the API weekly crude oil stock will be published.

Market Indicators

Yesterday, the major US stock indices closed again in the negative zone: #SPY (-0.55%), #DIA (-0.84%), #QQQ (-2.06%).

The 10-year US government bonds yield continues to decline. At the moment, the indicator is at the level of 3.10-3.11%.

The news feed on 30.10.2018:

- Report on the labor market in Germany at 10:55 (GMT+2:00);
- Consumer confidence index in the US at 16:00 (GMT+2:00).

We also recommend paying attention to the speech by the Bank of Canada governor Poloz.

by JustMarkets, 2018.10.30

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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