High amid claims the current Fed chief Janet Yellen is withdrawng from the Federal Reserve, the dollar began to decline yesterday, while stock indices, by contrast, flocked to updated highs. The uncertainty in inflation growth weakens the reserve currency, which in turn may influence the decision to raise interest rates in December. The preservation of low inflation will reduce the volatility in the currency markets, but will support the growth of stock markets. Even the released data on the real estate market yesterday, which showed a positive trend, does not offset concerns associated with the forecasted long-term growth of the US economy in the conditions of the flat yield curve UST.
After Donald Trump declared North Korea a sponsor of terrorism, the United States have introduced new sanctions against the regime of Kim Jong-un - the sanctions were against three Chinese trading companies.
There is a FOMC minutes meeting today in the evening, but the more significant event for world markets is the prospect of the adoption of the tax reform.
Tomorrow America celebrates Thanksgiving and stock markets do not work, and on Friday there will be a shortened trading session.
The dollar index is currently down 0.19% and is near the mark of 93.71.
