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Dollar gains due to high evaluation of US economy: Market News
As Bloomberg reports, dollar gained after US economy received high evaluation from the head of US Fed. As a result, commodities and emerging markets currencies dropped. Shares of European auto producers rose after signs of possible negotiations on tariffs reduction.
As Bloomberg reports, dollar gained after US economy received high evaluation from the head of US Fed.
Bloomberg Dollar Spot Index rose 0,4%. As a result, commodities and emerging markets currencies dropped.
MSCI Index for Emergency Markets fell by 0,2%. Bloomberg Commodity Index lost 0,2%. WTI oil price declined by 0,8% to $67,54 a barrel. LME copper lost 0,7% and costs $6107 per ton. Price of gold fell to $1222,85 per ounce. S&P 500 Index gained 0,1%.
Shares of European auto producers rose after signs of possible negotiations on tariffs reduction. IT-companies stocks gained due to success of Ericsson AB and higher profit forecasts for ASML Holding NV. Stoxx Europe 600 Index grew by 0,5%. Euro fell by 0,3% to $1,1623.
British pound lost 0,6% and costs $1,304 after inflation data was lower than forecasted.
Chinese yuan is close to the lowest level in a year.