Overview of the main drivers: Stock indices and oil

The main European stock indices are moving in the red zone. The British FTSE 100 lost about -0.37% of positions, thereby supporting the pound. DAX and CAC 40 on average lost about -0.07% of positions, thus providing only a small support for the single currency. See Quotations.

Oil prices show mixed dynamics, with an average deviation from zero within 0.18%, which does not affect the movement of commodity currencies against the US dollar. See “Oil (current news)“.

It should be noted that the main driver for the US currency today is the decline in profitability of government bonds. On average, the profitability on 10-year and 30-year bonds fell by -0.13%, against which the US dollar index declined to 89.41 during Wednesday trades, losing more than -0.50% of positions from the opening of the trades.

Fig. Graph of the US dollar index. Current price DXY – 89.41

Alexander Sivtsov