The big political news on Thursday
On the eve of Thursday, investors froze in anticipation. Tomorrow will be full of news. Investors are waiting for the decision of the European Central Bank, parliamentary elections in the UK and testimony of former director of the FBI James Komi in the US Senate.
The investigation of the election program of Donald Trump can be delayed due to the fact that tomorrow will act James Komi, who was dismissed from his post during the investigation of suspicions of Trump’s connection with Russia. Thus, the innovations and reforms that Trump moves are likely to be delayed.
It should be noted that the rates of stock indexes on Wall Street declined before the news on Thursday and due to a decrease in demand for risky assets. Earlier, the growth of these indices was recorded.
The dollar index, which tracks the dynamics of the US currency against a basket of six major competitors, fell to a mark of 96.630.
USD is trading at about 109.330 yen. At the same time, technical analysis shows that there is a further fall, because the nearest level of support is at the level 108.170.
The euro has a low amplitude and is pending before the decision of the ECB.
The Australian dollar has gone up. Data on the economy of the country showed that its condition improved by 0.3 percent in the first quarter. The Australian dollar peaked at $0.7550.
Analysis by AccentForex analyst Aarush Marwari.