So, the expectations of an increase in the number of new jobs outside of agriculture by 1.4-1.5 million, in our opinion, is an overly optimistic estimate. Accordingly, we would not be in a hurry to buy the dollar today. On the contrary, the current dollar growth is a good opportunity for its sales. At least as long as the Dollar Index is below 93.60 and the NFP numbers come out weak enough.
Among other news, it is worth noting another unsuccessful week of negotiations between the EU and the UK. The EU's chief Brexit negotiator, Michel Barnier, said he was “worried and disappointed” with the UK's approach to the talks and said there was no progress. All of this is fueling fears that the UK will exit the bloc in January without a deal.
The US Centers for Disease Control and Prevention, meanwhile, notified states that they should be ready to distribute the vaccine by November 1. In their opinion, the chosen date is needed to ensure that the infrastructure is in place to distribute any treatment when it becomes available. As a reminder, none of the experimental vaccines have yet completed trials.
The US stock market yesterday showed the maximum decline since June. Possibly the bubble collapse process has begun.