Published On: Tue, Dec 5th, 2017

USD Has Risen. Demand Is Still High

, the US dollar strengthened against the majors. The (#DX) closed the trading session in the positive zone (+0.23%). It should be recalled that at the weekend the US Senate approved a draft bill on tax reform. for the American currency remains at a high . A number of important statistical data on the US economy will be published in the current trading week. The key event will be a report on the labor market, which will appear on Friday, December 08. This may affect investors’ expectations about an increase in the Fed’s interest rate.

In the Asian trading session, aggressive purchases of were observed. The Reserve Bank of Australia, as expected, left the key at the previous level of 1.50%. The regulator expects improvement in the labor market situation. Additional support is provided by positive data on the volume of in Australia. In October, the indicator grew by 0.5%. Market expectations were at 0.3%.

The oil quotes continue to show negative dynamics. Yesterday, futures for the fell by more than 1.2%. At the moment, the price is testing the mark of $57.25 per barrel.

Market Indicators

Major US stock indices showed a variety of trends: #SPDR (NYSE:) (-0.12%), # (+0.27%) and #PowerShares QQQ Trust Series 1 (NASDAQ:) (-1.15%).

The government bonds yield has moved away from local extremes. At the moment, the indicator is at the level of 2.39-2.40%.

Today, we recommend you to pay attention to the following economic reports:

– Statistics on business activity in the Eurozone at 11:00 (GMT+2:00);
– The index of business activity in the sector of the UK at 11:30 (GMT+2:00);
– The index of business activity in the sector of the United States from ISM at 17:00 (GMT+2:00).

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