The US Dollar Has Risen Amid Resolution Of US-China Trade Dispute

The US dollar has risen against a basket of major currencies amid optimistic geopolitical data. So, it became known that the United States and China agreed to conclude a phase one trade deal. According to media reports, China agreed to purchase more American agricultural products. The United States, in turn, is ready to consider halving tariffs on Chinese goods. The dollar index (#DX) closed yesterday in the green zone (+0.34%).

The British pound has risen by more than 2% against the US dollar. Parliamentary elections were held in the UK yesterday. According to preliminary data, the Conservative Party by Prime Minister Boris Johnson, who seeks to promote his Brexit deal, has won. European Council President Charles Michel said that Britain needs to deal with the ratification of the Brexit agreement so that the parties move on to the next phase of negotiations.

Yesterday, the ECB also decided on a key interest rate. As expected, the regulator left the key marks of monetary policy at the same level.

The "black gold" prices have been growing. Currently, futures for the WTI crude oil are testing the $59.85 mark per barrel. At 20:00 (GMT+2:00), a report on Baker Hughes US rig count will be published.

Market Indicators

Yesterday, there was the bullish sentiment in the US stock market: #SPY (+0.86%), #DIA (+0.80%), #QQQ (+0.75%).

The 10-year US government bonds yield has been growing. At the moment, the indicator is at the level of 1.89-1.90%.

The Economic News Feed for 13.12.2019:
  • Report on US retail sales at 15:30 (GMT+2:00).

Disclosure: 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, ...

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