Leading Currencies Reached Annual Highs Against the US Dollar

Last week, the US dollar significantly weakened against the basket of world currencies. The fall of the dollar index (#DX) exceeded 1.5%. In the near future, central banks of leading countries may consider tightening monetary and credit policies.The American currency is also pressed by ambiguous economic reports from the United States. At the moment, the probability of increasing the range of the Fed's key interest rate in December is at the level of 49.1%.

Today in the Asian trading session, the Bank of Japan published positive statistics from Tankan. In June, the index of business activity in the manufacturing sector of China increased by 1.6% to 50.4.

Correction in the "black gold" market continues. At the moment, futures for the WTI crude oil have exceeded the level of 46.00 USD.

Market Indicators

On Friday, trading on the US stock market closed in the positive zone: #SPY (+0.19%), #DIA (0.30%), #QQQ (+0.04%).

Over the last week, the 10-year US government bonds yield has grown significantly. At the moment the indicator is at the level of 2.31-2.32%.

The economic calendar on 2017.07.03:

• – The index of business activity in the manufacturing sector of Germany – 10:55 (GMT+3:00);
• – The index of business activity in the manufacturing sector of the UK – 11:30 (GMT+3:00);
• – Speech by the Head of the Bank of England Carney – 15:00 (GMT+3:00);
• – The index of business activity in the manufacturing sector of the US from ISM – 17:00 (GMT+3:00).

by JMarkets, 2017.07.03

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.