In the Dollar We Trust

Economic News
19 de jul. de 2018
In the Dollar We Trust

Over the past few days the dollar has significantly strengthened relative to the basket of major currencies and the dollar index has approached the maximum values since July 2017, exceeding the level of 95.20. Against the backdrop of the strengthening of the reserve currency, a number of commodity futures noticeably lost in price. The price of gold fell below the level of 1220.00 and continues to decline, constantly updating the annual lows.

Now investors consider the dollar as a quiet harbor and despite all the unpredictable consequences of the trade war, they began investing in it.

During yesterday's trading session in the US data came out worse than expected and the dollar briefly suspended its growth, but afterwards the situation stabilized and the greenback regained its position.

The hawkish mood of the Federal Reserve encourages interest in the dollar and helps the growth of stock markets. Shares of high-tech companies are also growing, as is the Nasdaq index, which set a new historic high, reaching 7.854.

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