Dollar Rallies on Trade Deal Optimism and Positive US Economic News

The dollar index (DXY00) is added today to sharp gains on Monday and increased by +0.43 % to the highest level in 5 weeks. The dollar is supported by a transportation from Monday after the European Union’s commercial deal and the United States, which is preferring the United States. Also, the federal reserve expectations to maintain interest rates unchanged at the end of the FOMC meeting for two days on Wednesday support the dollar. The dollar extended its gains after the deficit in the trade of goods in the United States in the United States is unexpectedly, and it is a supportive factor for G2 G2, and after July the consumer’s confidence increased more than expected.

The commercial deficit of goods in the United States of America unexpectedly shrinking to -86.0 billion dollars, compared to the widening expectations to -98.0 billion dollars, which is a positive factor for G2 G2.

The home price index in the United States in the United States increased by 2.79 % on an annual basis, weakest expectations +2.91 % and the smallest rate of increase in 1.75 years.

Jun Jolts -275,000 to 7.437 million employment has decreased, and weaker 7.500 million.

The consumer confidence index in July (July) +2.0 has risen to 97.2, stronger than 96.0 expectations.

Future prices in federal funds make 3-25 basis rates of 3 % at the Tue/Wed Fomc meeting and 66 % at the next meeting on 16-17 September.

EUR/USD (^EURUSD) today added to the sharp losses on Monday and decreased by -0.50 % at its lowest level in 5 weeks. The euro is arrested due to the pressure pressure from Monday, when the declared commercial deal in the European Union and the United States was viewed as preferring the United States, with 15 % of the customs tariffs on most European Union goods, which could constitute the opposite winds of the eurozone economy due to the high definitions. Also, inflation forecasts in Jun from the European Central Bank, which is a catalyst for the European Central Bank policy and negative for the euro.

Inflation forecast for 1 June fell to +2.6 % from 2.8 % in May. Inflationes did not change for 3 years from the European Central Bank from May by 2.4 %.

The bares are captured with a 15 % opportunity of -25 basis points by the European Central Bank at the September 11 Policy meeting.

USD/JPY (^USDJPY) today rises by +0.12 %. Weak the yen to the lowest level in one week against the dollar today, as the recent American commercial deals have eased global trade tensions and reduce the demand for safe yen on the yen. The yen still concludes due to fears that the liberal Democratic Party’s loss of the majority in the Japanese House of Representatives in the July 20 elections may lead to a financial deterioration in Japanese government finance, as the government strengthens spending and implements tax cuts.