During the Asian trade, the euro continued to weaken against the dollar. Early this morning, data on a strong decline in factory orders in Germany in June was announced (-4% versus expected -0.3%). The dollar is in a collision with the European currencies due to the divergence of monetary policies of the most important central banks, which in the near future does not see an end. In addition, tightened US-China relations increase the demand for secure investments that include US Treasury bonds. At around 8:50 am, the euro is exchanged for $ 1,1555, which at the beginning of the European session shows a weakening of the euro by 0.11%. Today there are no major economic announcements and news from the euro zone and the US.
During Asian trading, the British pound was further weakened against the US dollar. The dollar is in a collision with the European currencies due to the divergence of monetary policies of the most important central banks, which in the near future does not see an end. In addition, more and more about the EU’s hard-line position and the lack of agreement on Brexit. At around 08:50, this currency pair is at $ 1.2995 per pound, which means the pound’s weakening by 0.06%. Today there are no major economic announcements and news from the euro zone and the US.
The US dollar remained largely unchanged compared to the Japanese yen, with a tendency of mild appreciation during Asian trade. Relations between the United States and China are putting pressure on investor optimism so that the Japanese currency is more popular among investors. At around 08:45 hours, the US dollar is exchanged for 111.28 Japanese yen, which represents a weakening of the yen by 0.04%. There are no major economic releases and news from the USA today.
The price of gold has been declining slightly during the Asian trade. After the meeting of the Federal Reserve and the Bank of England, the dollar is in a strong jump against the major currencies. At around 8:50 am, the price of gold is about $ 1212.5 for a fine ounce. There are no major economic releases and news from the USA today.
During Asian trade, the price of crude oil has risen. On Friday there was a decrease in the number of wells for two units (a total of 859). It is noteworthy that a large number of oil companies in the United States achieved poor quarterly results due to rising operating costs and the withdrawal of oil prices from the highest levels in May and June. In addition, Saudi Arabia produced 200,000 barrels a day in July (a total of 10.29 million barrels) a month earlier. At around 8:35 am, crude oil is traded for around $ 68.64 per barrel, which has grown from 0.22% since the beginning of trading today.