The Dollar Index at Weekly Highs

Donald Trump is on a working visit to South Korea.

Economic News
07 de nov. de 2017
The Dollar Index at Weekly Highs

Donald Trump and the First Lady arrived in South Korea as the second half of Trump's working Asian tour. During the visit the US president plans to discuss economic and military-political relations between the two countries. One of the destabilizing factors in the region is the regime of Kim Jong-un in North Korea. Although Donald Trump has said earlier that the United States is not a supporter of a military solution to the conflict, Trump has also stated they are ready for it. During yesterday's visit to Japan, Donald Trump discussed ways of establishing relations between the economies of the two countries.

The dollar index is currently trading near weekly highs and is now at a mark of 94.84.

Today in the afternoon there will be a press conference of the chairman of the Federal Reserve, Janet Yellen.

In addition, today we also expect announcements by ECB President Mario Draghi and the head of the Bank of Canada Stephen Poloz. During their speeches, there might be increased volatility of the data-affected pairs.

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