The US dollar is falling against a basket of major currencies due to news from the White House. The US government partially suspended its work on the weekend after Donald Trump demanded funds for the construction of the wall on the border with Mexico. Yesterday, the US President announced that he would not resume the work of the government until the demand was fulfilled. The dollar index (#DX) updated monthly lows and closed on Monday in the negative zone (-0.46%).
Also, Donald Trump’s dissatisfaction with the next increase in interest rates put pressure on the US dollar. The US President believes that the Fed is the biggest problem of the American economy and may soon demand the Fed’s Chairman Jerome Powell to resign. Yesterday, the news feed was calm due to Catholic Christmas and financial markets were closed. Today, the financial markets of most countries are also closed due to the Boxing Day.
The “black gold” prices are recovering after a sharp collapse the day before. At the moment, futures for the WTI crude oil are testing the mark of $43.00 per barrel.
- On Monday, aggressive sales were observed in the US stock market: #SPY (-2.64%), #DIA (-2.67%), #QQQ (-2.76%).
- The 10-year US government bonds yield has continued to decline. At the moment, the indicator is at the level of 2.72-2.73%.
The news feed on 26.12.2018:
- Today, the publication of important economic news is not expected.
Written by Admin
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