US Political Instability Continues to Affect Markets

Forex News

Analysts suggest that political instability in the US and the lack of financial incentives from Washington will continue to be the main catalyst for the dollar's decline.

Economic data of the United States had little effect on the probability of rates reduction in December. But investors believe that the current political instability in Washington will reduce the chances of the Fed’s rate hike in 2017.

WTI crude oil fell by 0.2% after news that OPEC production rose in July. The decline in oil prices was also caused by the data of the American Petroleum Association that the oil reserves in the United States have grown.