Market in anticipation of the forecasts from the US Federal Reserve

At trading on Wednesday, stock indices and commodity assets demonstrate a restrained positive dynamics against the backdrop of the positive closure of Wall Street and the expectation of a decline in crude oil reserves in the US. The dynamics of the US currency remains negative at the beginning of the day, but maintain an upward trend. And the market is focused on the publication of the results of the meeting of the US Federal Reserve.

The decline in the US currency against the main competitors was caused by the message that most Republicans in the Senate narrowed, against the backdrop of the victory of a Democrat in the state of Alabama. This news can be regarded as very negative for the Trump administration and the promotion of the tax bill in the US due to the reduction in the number of Republicans in the Senate.

Graph of the US dollar index. The current price is 93.850.

Hanzenko Anton