July 6-10, 2020. And again, oil

2020-07-04

In the coming week, most sessions will be held without the release of US economic indicators. At the same time, important news will be released in the Asian and European regions that contribute to the growth of the rates of major and exotic currencies.

Additional pressure on the dollar will have data on new cases of Covid-19 in the US states, which set a record last week. Unlike the United States, Europe and Asia escaped with local outbreaks, stopped by timely quarantine measures.

Last week, insiders emphasized the dissatisfaction of Saudi Arabia with the actions of a number of OPEC members who violated the obligation to reduce production. The kingdom has already promised to return to the practice of price war, which led last time to an effective result. The drop in oil prices caused by this may be a negative factor that can cancel the growth scenario of major and exotic currencies.