Overview of the main drivers: Stock indices and oil

The main European stock indices are declining during the trading on Wednesday, on average losing about 1.20%. This reduction is not enough to provide adequate support to European currencies against the US dollar. See Quotations.

Oil prices continue to decline during European trading, on average losing about -1.85%, thereby putting pressure on commodity currencies against the US dollar. For more information, see Oil (current news).

It is also worth noting that the negative dynamics of stock indices and oil prices support the demand for security assets, while the profitability of the US government bonds on average grew by + 0.22%, supporting the US dollar against most competitors.

Alexander Sivtsov