Since yesterday's trading session the US dollar has continued to strengthen against a basket of major currencies, and the dollar index gained over 30 pp. The continuation of negotiations between the US and China has a positive effect on the markets and on the reserve currency rate. Moreover, indicators released on Friday showed the strength of the American economy and caused an increase in demand on the markets.
The British pound continues to decline against the US dollar and the single currency, while the euro also declines against the greenback. Therefore, we can assume there will be a further strengthening of the dollar relative to other currencies, taking into account the changes in the Fed policy, considering that it is possible this year for the interest rate to be raised twice more based on the real rate of inflation.
Energy prices are consolidating in a narrow corridor for the second day, and we observe that the glass of prices has not changed at all and the WTI is trading in the range of 53.30-55.30 dollars per barrel.
