In the current trading week, the US dollar has significantly weakened against major world currencies. ECB President Mario Draghi said that positive dynamics are observed throughout the euro area, and the inflation slowdown was temporary. This narrative has increased expectations that in the near future the Central Bank may raise the issue of reducing the program of motivation. At the same time, some representatives of the ECB reported that the financial markets participants incorrectly interpreted Draghi's statements.
The pound got support thanks to the comments of the head of the Bank of England. Mark Carney said that in the near future the Central Bank will still have to consider raising the interest rate, which is currently at a record low of 0.25%.
In May, the index of pending sales in the US real estate market fell by 0.8%. Experts expected the growth rate of 0.8%.
Market Indicators
Yesterday, the US stock indices recovered most of the losses after a sharp drop in trading on Tuesday, June 27. SPY (SPDR S&P 500 ETF) increased by 0.90%.
The 10-year US government bonds yield shows positive dynamics. At the moment the indicator is at the level of 2.23-2.24%.
The dollar index (#DX) finished the trading session in the negative zone (-0.32%).
Today, we recommend you to pay attention to the following economic reports from the USA:
- – The revised GDP data at 15:30 (GMT+3:00);
- – The number of initial claims for unemployment benefits at 15:30 (GMT+3:00).
by , 2017.06.29
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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