The US dollar is being traded without significant changes against a basket of currencies. Yesterday, the dollar index (#DX) closed in the green zone (+0.01%). Relations between China and the US are still in the spotlight after D. Trump signed two bills supporting anti-government protesters in Hong Kong. So, US President Donald Trump signed into law on human rights and democracy, which provides for the annual verification of the autonomous status of Hong Kong. Also, Hong Kong and the United States will now have a special relationship regime. Special status implies that Hong Kong will not be subject to the sanctions and duties that are imposed on China.
In response to the steps by US President, China promised to take strict measures. However, so far, no steps have been made. The conclusion of a trade agreement between the United States and China is likely to be at risk. China has largely adhered to a policy of “strategic calm.”
The “black gold” prices have risen slightly. Currently, futures for the WTI crude oil are testing the $58.00 mark per barrel.
Market Indicators
- Yesterday, the US stock markets were closed due to Thanksgiving.
- The 10-year US government bonds yield has not changed. At the moment, the indicator is at the level of 1.76-1.77%.
The Economic News Feed for 29.11.2019:
- German unemployment change at 10:55 (GMT+2:00);
- Consumer price index in the Eurozone at 12:00 (GMT+2:00);
- Canada GDP at 15:30 (GMT+2:00).
