by JustForex
During yesterday’s trading session, the US dollar did not change a lot against a basket of major currencies. The dollar index (#DX) closed without changes (+0.00%). Investors are still focused on coronavirus in China. The death toll from pneumonia rose to 17 on Thursday with nearly 600 confirmed cases. Investors again drew attention to “safe haven” currencies amid this news.
The Bank of Canada decided on the key interest rate yesterday. As experts forecasted, the indicator remained unchanged at 1.75% per annum. At the same time, the regulator signaled a possible reduction in rates in the future. Today, we expect the ECB interest rate decision. We recommend paying attention to the comments by representatives of the Central Bank.
The demand for the Australian dollar has grown. During the Asian trading session, optimistic economic data have been published in Australia. Thus, the level of employment rose to 28.9K in December instead of 15.0K. The unemployment rate counted to only 5.1% and was below the forecasted value of 5.2%.
The “black gold” prices are declining. Currently, futures for the WTI crude oil are testing the $55.80 mark per barrel. At 18:00 (GMT+2:00), US crude oil inventories will be published.
Yesterday, there was a variety of trends in the US stock market: #SPY (+0.01%), #DIA (-0.01%), #QQQ (+0.26%).
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The 10-year US government bonds yield show negative dynamics. At the moment, the indicator is at the level of 1.74-1.75%.
by JustForex