{"id":16177,"date":"2020-06-05T07:39:32","date_gmt":"2020-06-05T05:39:32","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=16177\/"},"modified":"2020-06-05T07:39:32","modified_gmt":"2020-06-05T05:39:32","slug":"what-happens-to-the-us-dollar","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/what-happens-to-the-us-dollar\/","title":{"rendered":"What happens to the US dollar?"},"content":{"rendered":"<table cellspacing=\"0\" cellpadding=\"4\">\n<tbody>\n<tr>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">Gold<\/span>\u00a0 \u00a01693,50<br \/>\n(<span style=\"color: #ff0000;\">-1,18%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">EURUSD<\/span>\u00a0 \u00a01,0799<br \/>\n(<span style=\"color: #ff0000;\"> -4,73%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DJIA<\/span>\u00a0 24115<br \/>\n(<span style=\"color: #ff0000;\">-8,14%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">OIL.WTI<\/span>\u00a0 25,095<br \/>\n(<span style=\"color: #ff0000;\">-32,76%<\/span>)<\/h4>\n<\/th>\n<th>\n<h4 style=\"text-align: center;\"><span style=\"color: #e2b365;\">DAX<\/span>\u00a0 \u00a010609<br \/>\n(<span style=\"color: #ff0000;\">-14,54%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">Thursday was a very busy day in terms of macroeconomic statistics. Also important statements of ECB head clarified some situation. From the US data and Christine Lagarde&#8217;s statements it became clear that it is not so easy for the whole economy to recover.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nEUR\/USD<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-16178 aligncenter\" src=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2020\/06\/EURUSD.png\" alt=\"EURUSD\" width=\"600\" height=\"261\" \/><\/p>\n<p align=\"justify\">The markets took a break on Thursday and closely followed the main data. Christine Lagarde made it clear that economic recovery in Europe is not worth waiting for until 2021, and 2020 will be in deep recession. In the U.S. after the release of economic data markets have suspended their weekly growth, as the resulting statistics do not reflect the current rally in the markets. The DAX index has been practically on the spot the whole trading session. The S&amp;P500 index is falling by 0.5%. On Friday, it is unlikely to expect any serious movements, as there is likely to be some profit taking and closing of the trading week.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nEuro<br \/>\n<\/strong><\/p>\n<p>The US dollar has completely lost its position against the Euro. After the ECB meeting and the announcement of additional aid to the European Union in the amount of 1.35 trillion euros, the EUR\/USD exchange rate has moved to the monthly SMA200 1.1330. Of course, for many people such growth is too fast, but in the current situation there is a possibility of correction. The economy of the European Union is very weak now and the quarantine restrictions will still strongly affect it. Central banks usually have a relatively large time lag of up to one month. Therefore, the EUR\/USD pair is likely to have a correction period soon, to the level of 1.12.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nOil<br \/>\n<\/strong><\/p>\n<p align=\"justify\">WTI oil is gaining momentum very slowly, but the volatility in this market has subsided. Although OPEC+ is trying to work, but incomprehensible statements about the postponement of the meeting, slow reaction to sharp changes in the markets, as well as regular changes in its position, mislead investors. So far WTI oil has been holding at $37.5 per barrel. As long as there is relative stability in the market, the oil price will move upwards following the growth of the leading countries&#8217; economies.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nGold<br \/>\n<\/strong><\/p>\n<p align=\"justify\">As we expected, as soon as a negative note appeared in the markets due to macroeconomic data, so immediately gold began to rise in price. The rebound from $1700 level was obvious. The gold returns to the range above $1700 per ounce and will try to break above $1750.<\/p>\n<p style=\"text-align: center;\"><strong><br \/>\nWhat&#8217;s waiting for us today?<\/strong><\/p>\n<p align=\"justify\">8.00 Production order volume in Germany for April.<br \/>\n14.30 Change in non-agricultural employment in the USA<br \/>\n16.00 PMI Canada business activity index<\/p>\n<hr \/>\n<p style=\"text-align: center;\" align=\"justify\">Important Notes on This Publication:<small> <\/small><\/p>\n<p align=\"justify\"><small>The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold\u00a0 \u00a01693,50 (-1,18%) EURUSD\u00a0 \u00a01,0799 ( -4,73%) DJIA\u00a0 24115 (-8,14%) OIL.WTI\u00a0 25,095 (-32,76%) DAX\u00a0 \u00a010609 (-14,54%) Thursday was a very busy day in terms of macroeconomic statistics. Also important statements&#8230;<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What happens to the US dollar? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"Thursday was a very busy day in terms of macroeconomic statistics. 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