HomeContributorsFundamental AnalysisThe US Dollar Index Closed In The Negative Zone

The US Dollar Index Closed In The Negative Zone

The US dollar fell slightly against the basket of major currencies. The US dollar index (#DX) closed in the negative zone (-0.28%). However, in general, demand for the American currency is still high. Yesterday, the US introduced new duties on import of Chinese goods $200 billion worth. At the same time, Donald Trump threatened Beijing that if China retaliated, the US would be forced to introduce additional tariffs $267 billion worth.

Today, during the Asian trading session, a report on the monetary policy of the Bank of Japan has been published. As it became known, the regulator left the monetary policy unchanged. The 10-year government bonds yield of Japan remained at the level of around 0%, while the BoJ interest rate on deposits is at the level of -0.1%.

The “black gold” prices show positive dynamics. At the moment, futures for the WTI crude oil are testing a mark of $69.75 per barrel. Investors expect a report on the US crude oil inventories at 17:30 (GMT+3:00).

Market Indicators

Yesterday, the bullish sentiment was observed in the US stock market: #SPY (+0.54%), #DIA (+0.74%), #QQQ (+0.83%).

The 10-year US government bonds yield continues to show positive dynamics. At the moment, the indicator is at the level of 3.04-3.05%.

The news feed on 19.09.2018:

Consumer price index in the UK at 11:30 (GMT+3:00);

Statistics on the real estate market in the US at 15:30 (GMT+3:00).

We also recommend paying attention to the speech by the ECB president Draghi.

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