Last week, the US dollar started declining against the basket of major currencies. On Friday, US President Donald Trump said in an interview with CNBC that he was ready to impose additional duties on imports of Chinese goods in the amount of $500 billion a year. Also, the US president expressed dissatisfaction with the Fed's monetary policy, noting that the central bank's plans to raise interest rates hamper the strengthening of the US economy. The US dollar index (#DX) finished the week with a significant decrease (-0.75%).
On Friday, a number of economic reports were also published in Canada. The core consumer price index in June was 0.1%. The core retail sales index rose to 1.4% and was above the forecasted value of 0.7%. This week, investors are waiting for a decision on the interest rate by ECB, which will be made on Thursday, July 26.
The "black gold" prices are consolidating. At the moment, futures for the WTI crude oil are testing the mark of $68.00 per barrel.
Market Indicators
On Friday, sales were observed on the US stock market: #SPY (-0.11%), #DIA (-0.14%), #QQQ (-0.02%).
At the moment, the yield of 10-year US government bonds is at the level of 2.88-2.89%.
- Existing home sales in the US at 17:00 (GMT+3:00).
by , 2018.07.23
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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