The US Dollar has Kept its Achievements. The “Majors” are Consolidating
Yesterday, weak trading activity and volatility were observed in the currency market. The main currency pairs traded in a fairly narrow range. Speeches of the FOMC representatives did not put considerable pressure on the dynamics of the US currency. The President of the Federal Reserve Bank of St. Louis Bullard said that the current range of key interest rate was acceptable in the short term.
The National Bureau of Statistics of China published mixed data on the country’s trade balance. In July, the volume of exports and imports increased by 7.2% and 11.0%, respectively. Experts expected the indicators to be at the level of 10.9% and 16.6%. At the same time, trade balance surplus increased to $ 46.74 billion. Market expectations were at the level of $ 46.08 billion.
Oil quotes show ambiguous dynamics. Investors are waiting for comments from the OPEC representatives. At the moment, futures for WTI crude oil are being traded slightly above $ 49 per barrel.
Market Indicators
At the moment, the 10-year US government bonds yield is at the level of 2.25-2.26%.
The news background on 2017.08.08:
No publication of important economic reports is planned. We recommend you to pay attention to the following statistics:
News feed for: 2023.07.04
- The volume of new houses construction in Canada 15:15 (GMT+3:00);
- The number of open vacancies in the labor market JOLTS 17:00 (GMT + 3: 00).
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.
