Daily Forex: main currency and commodities trends across the board for Thursday

Daily Forex: the dollar has been rising on Thursday as investors look ahead to next week’s Federal Reserve meeting at which the market expects a 25 basis point rate rise. The index tracking the world’s reserve currency is up 0.2% at 89.857. In the meantime, the euro is down 0.3% at $1.2333, while the pound is flat at $1.3956. Against the euro, sterling is 0.2% stronger, with £0.8835 required for a unit of the shared currency.

Oil prices are higher. Brent crude, the international benchmark, is up 0.4% at $65.17 a barrel after Opec lifted its demand forecasts as part of its latest monthly report on the industry, even as it warned of dangers from a potential trade war. Gold is 0.1% lower at $1,322.70 per ounce.

Wall Street stock indices are rising and a sense of cautious optimism is helping European bourses put in a steady showing while investors keep watch on Washington for any signs of more protectionist US trade policy.

The S&P is up 0.2 % in opening trade, bouncing back from a 0.6% fall over the previous session. Hong Kong’s Hang Seng recovered from an intraday drop of 0.8% to rise 0.3% overall. Frankfurt’s Xetra Dax 30 is up 0.5%, with London’s FTSE 100 flat. The Europe-wide Stoxx 600 is up 0.2%. Technology and insurance stocks are in demand.

Sources: 

https://www.ft.com/markets/currencies

https://www.ft.com/content/43e68c04-27f7-11e8-b27e-cc62a39d57a0

https://www.investing.com/news/forex-news/forex–dollar-pushes-higher-after-us-import-price-data-1343384

https://www.fxstreet.com/news/latest

https://www.bloomberg.com/markets/currencies