The dollar continues to decline both due to low trading activity and fall of the 10-year US government bonds yield. The US currency is under pressure due to the US Treasuries yield lowering. Demand for the dollar fell significantly. Low activity on the market will continue until the beginning of next year.
Today during the Asian session, positive reports on the labor market of Japan were published. The volume of industrial production in Japan increased by 0.6%, that is higher than the forecasted value at 0.5%. Yen is also supported by the growth in retail sales.
Prices for “black gold” show a positive dynamics against the background of inactive pre-New Year trading. Futures for WTI crude oil rose during Asian trading. Now the quotes are being traded in the range of $ 59.78- $ 59.0 per barrel.
On Thursday, the dollar has weakened against the background of the decline in the 10-year US government bonds yield, while commodity currencies were supported by the rally of metal and oil prices. Investors expect data on crude oil reserves in the US from the American Petroleum Institute.
Market Indicators
Yesterday, the major US stock indices showed the positive dynamics: SPY (+0.05%), DIA (+0.09%) and QQQ (+0.01%).
At the moment, 10-year US government bonds yield is at the level of 2.42%.
The news feed on 2017.12.28:
