Fundamental analytics

The weakening of US dollar continues

On Thursday, the alignment of forces in the FOREX market has changed. There was a positive news about the possible beginning of negotiations between the US and China over trade contradictions. This returned the positive back to equity markets, as  today all stocks market are traded in the green - Wall-Street start was very positive. Amid this market sentiment US dollar is being adjusted. The dollar index fell into the zone of 96.20 points, but then played back some losses. The European currency has got a breather and is trying to develop success. At the start of US trading, EUR / USD gained to zone 13.89, the maximum of the day was marked in zone 1.1410.

Today, a large portion of statistics on the American economy was published. Investors analyzed the data for the July housing construction, and unemployment data for the week. In July, housing construction in the US increased, construction of houses grew after a sharp fall in June.

In July, a revival of construction dynamics began 0.9% compared with the previous month, taking into account seasonal fluctuations of $ 1.168 million,

The number of Americans applying for new unemployment benefits fell last week, continuing to be near historical lows.

Initial applications for unemployment benefits fell by 2,000 to a seasonally adjusted 212,000 for the week ending August 11. Economists were expecting 215,000 new applications last week.

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