The American dollar continues to strengthen for the eighth consecutive day, after the announcement of Jerome Powell that the need for an early rate increase is absent. Investors began to buy the reserve currency by sending the dollar index to one-year highs. Today there will be a new speech by the Fed, which may accelerate this trend.
The danger is the current conflict between the Senate and the head of the White House, which is threatening a new government shutdown.
However, after the speech of the Fed, the ECB also decided to pursue a dovish policy, since the appreciation of the single currency rate may harm the export part. The UK exit from the EU also has a negative impact on the euro, as is the slowdown in growth rates for the last quarter in the UK, France, and Germany.
The OPEC agreement helped push oil quotes to move away from local minima and quotes rose by about 2%.
