Data on the USA

The producer price index in the US for October unexpectedly rose to around 0.4%, maintaining significant growth for the second month in a row. The dynamics of the US dollar index remains negative due to the decline in stock indices and the yield of the US state bonds. Negative dynamics of the US dollar is expressed mainly against the euro and commodity currencies. Market drivers are still stock indices and oil.

Further decline in the dollar index is limited to the level of 93.900, from which one should expect the formation of correction. The positive data on the US and a positive start of the US stock indices may contribute to this correction.

Hanzenko Anton