Greenbacks on the last trading day of last week's forex closed in the "green zone" - the dollar index finished trading at 96.15. Forex traders continued to win back the strong data on US GDP for the second quarter. The yield on two-year US Treasury bonds, which reflects the expectations of the Fed rate, jumped to the level of 0.724%. Financial markets are beginning to "laid" the tightening of monetary policy by the FOMC. The high rate of GDP growth in the United States show that the strong economic slowdown in China is not going to happen. And as the risks can be mitigated, the US Federal Reserve may raise interest rates. As a result, the euro dollar EUR / USD fell by 0.52%, the rate of a dollar a pound GBP / USD shedding 0.02% to the dollar and the yen USD / JPY trading results increased by 0.56%.
The past week. Gold XAU / USD rate finished lower by 2.3%. All because of the sale of black gold on the market, and the growth of the dollar after strong data on US GDP for the second quarter. Platinum and palladium in the last five days is also under pressure: XPT / USD lost at 0.43%, XPD / USD by 2.3%. Market participants en masse earlier in the week to open short positions on fears of recession in China, but in the weeks zakrvtie fixed sale. Stock futures S & P500 index for the week showed an increase of 1%. But on Monday quotes slipped to the level of 1834 against the backdrop of panic sales on global equity markets. However, in the middle of the week on the back of positive macroeconomic statistics from the US.
Dollar recovery continued at the session on Thursday. The growth of stock indices in Japan, Europe and the US have added arguments to reduce concerns about the growth of the world economy, and the publication of strong data on US GDP and other indicators increased popularity of "green", which by the end of yesterday's session even more strengthened against major opponents.