Dollar index updated monthly lows

21 December, 2018

The US dollar is declining against a basket of major currencies after news from the United States. The US President, Donald Trump, refuses to sign a short-term funding bill because it does not provide funds for the construction of the wall between the US and Mexico. Such a decision may suspend the work of the government. The dollar index (#DX) updated monthly lows and closed yesterday in the negative zone (-0.78%).

The euro strengthened against the US dollar as it became known that an agreement on the Italian budget was still officially concluded. Economic data from the UK and the US was also published yesterday. The volume of retail sales in the UK rose by 1.4% in November and was better than the forecasted value of 0.3%. The Bank of England left the interest rate unchanged at 0.75%, as experts expected. Philadelphia Fed manufacturing index in the United States fell in December to 9.4 instead of 15.6.

The "black gold" prices are moderately recovering after the collapse the day before. At the moment, futures for the WTI crude oil are testing the mark of $46.40 per barrel.

Market Indicators

Yesterday, aggressive sales were observed in the US stock market: #SPY (-1.63%), #DIA (-1.94%), #QQQ (-1.45%).

The 10-year US government bonds yield has continued to decline. Currently, the indicator is at the level of 2.79-2.80%.

The news feed on 21.12.2018:

- UK GDP data at 11:30 (GMT+2:00); 
- Core durable goods orders in the United States at 15:30 (GMT+2:00); 
- Report on the US GDP at 15:30 (GMT+2:00); 
- GDP data in Canada at 15:30 (GMT+2:00).

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