The dollar index has overcome 99.2 and may continue to grow
The US dollar strengthened significantly this week. On Thursday evening, he reached three-week highs and continues to move up on Friday. The dollar pushed positive news regarding the trade and economic confrontation between China and the United States. The countries agreed to abolish duties on certain types of goods. Also, on October 10-11, a meeting of the heads of countries is planned. Markets are awaiting a trade dispute.
15:30 (GMT+3) August base orders for durable goods in the United States will be released. An index above 0.2% may support the dollar (USD).
Oil. On Friday, oil declines by an average of -0.3%. In the morning, WTI crude oil is $56.2. Brent futures are trading near $62.3.
Gold. The protective metal drops again. In the morning, gold is trading near $1,498.
Currency. On Friday, the DXY dollar index is growing slightly. In the morning, DXY is 99.24 against a basket of major currencies.
September 27, the dollar is rising against the yen. In the morning, the pair USD/JPY is trading at 107.8.
Euro (EUR) continues to fall and keeps near two-year lows. In the morning, the EUR/USD pair is falling and trading near 1.0916.
Pound Sterling (GBP) is getting cheaper amid Britain’s political upheavals. On the morning of September 27, the GBP/USD pair is trading around 1.2282.
Cryptocurrency. Bitcoin (BTC) continues to fall in price and is trading at around $8,050. In the morning, Ethereum (ETH) is trading near $166.6. The price of Litecoin (LTC) is growing at 0.5% and is $55.4.
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Important. This article does not contain any calls for transactions or trading recommendations. Traders are responsible for their decisions. The judgments presented here are the personal opinions of the author.