The greenback shows a variety of trends against the basket of currency majors. The US dollar index (#DX) is testing local lows. On Friday, the United States released weak data on core producer price index (PPI), which fell by 0.3% in June, while experts forecasted an increase by 0.1%.
Financial markets are still under pressure due to an increase in the number of COVID-19 cases. The number of infected has almost reached 13 million people around the world, 3.3 million of which are in the United States. In Florida, on Sunday, a record daily increase in patients was reported: more than 15 thousand new cases. At the same time, the American biopharmaceutical company Gilead Sciences reported that remdesivir could reduce the risk of death by 62% in seriously sick COVID-19 patients.
The "black gold" prices are consolidating. Currently, futures for the WTI crude oil are testing the $40.00 mark per barrel.
Market indicators
On Friday, there was the bullish sentiment in the US stock market: #SPY (+1.02%), #DIA (+1.39%), #QQQ (+0.68%).
The 10-year US government bonds yield is growing. At the moment, the indicator is at the level of 0.65-0.66%.
- The important news is not expected to be published. We recommend paying attention to the speech by the Governor of the Bank of England Bailey.
by , 2020.07.13
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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