Decrease of US Dollar Continues

Market Reviews

The US dollar continued to decline against major currencies after yesterday's publication of the minutes of the September meeting of the Fed. The dollar index fell to 92.89. The British pound and the euro remain the strongest major currencies. The US stocks rose to new record levels. DOW climbed 42.21 points or 0.18% to 22872.89. The S&P 500 increased by 4.6 points or by 0.18% to 2555.24.

The FOMC minutes showed that the Fed confirms a probable increase in the interest rate in December, despite concerns over weakened inflation.

The fifth and final round of negotiations on Brexit before the EU summit on October 19-20 is completed. So far, there is no positive news coming out from UK and EU officials.