Tension due to the Possible Trade War Between the US and China Has Resumed

The US dollar weakened against the basket of major currencies due to the resumed tension in the US-China trade relations. Earlier, Donald Trump announced the introduction of duties on imports of Chinese goods on $50 billion. China promised in return to introduce duties on the import of the US goods. However, yesterday it became known that the US president intends to impose tariffs on $200 billion, if China decides to respond. The US dollar index (#DX) closed in the negative zone (-0.39%).

Demand for the Japanese yen has increased due to the political instability. Yesterday, the ECB Forum on Central Banking in Portugal, which will last three days, started. We recommend paying attention to the speeches by the ECB, the Fed and the Bank of Japan representatives.

The "black gold" prices are declining after the growth the day before. At the moment, futures for the WTI crude oil are testing a mark of $65.05 per barrel.

Market Indicators

Yesterday, the major US stock indices closed in the negative zone: #SPY (-0.21%), #DIA (-0.40%), #QQQ (-0.27%).

The 10-year US government bonds yield is declining. At the moment, the indicator is at the level of 2.87-2.88%.

The news feed on 2018.06.19:

- Statistics on the real estate market in the US at 15:30 (GMT+3:00).

by JustForex, 2018.06.19

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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