During the past five trading days the Dow 30 has shown a decline. This is the longest losing series since March 2017. Nasdaq 100 index declined by 2.1%, and the dollar moved from the maximum level of January.
Support for the reserve currency came from Donald Trump with his statements on the trade relations between the US and the EU. He also pointed out that China is not open for trading, contrary to what was claimed by Chinese President Xi Jinping. Soon the secretary of economics of the USA Steven Mnuchin will arrive on a working visit to China to discuss the future of trade relations between the two countries.
Data released yesterday showed the strength of the US economy. The data showed an increase in sales in the primary housing market.
Moreover, the head of the White House had some positive rhetoric towards North Korean leader Kim Jong-un. He said that his opponent is "worthy" and that he looks forward to meeting him, also pointing out that everyone is optimistic about the future summit. It can become historic in the relations between North and South Korea, in the course of which the relationship between the two countries can grow warmer, and will set a formal truce.
After the completion of yesterday's trading session energy prices retreated from highs, after updating them.
