The euro strengthened slightly against the US dollar of Asian trading. In the morning hours in Germany, preliminary reading of the gross domestic product for the third quarter will be announced, and at 11:00 the same data for the Eurozone and the speech of the President of the European Central Bank, Maria Drago, will be published, which together can create an increased volatility in the exchange rate of this currency pair. During the Asian trading, the euro strengthened slightly against the US dollar by 0.05%.
The British pound weakened slightly against the US dollar during Asian trading. Today, at 10:30, the Consumer Price Index (CPI) will be published in the UK, while the speaker of the Bank of England Mark Carney will be speaking at 11:00, which can be reflected in the price of this currency pair. During the Asian trade, the British pound weakened against the US dollar by 0.09%.
The US dollar strengthened against the Japanese yen during Asian trading. Today at 11:00 am the panel of the European Central Bank in Frankfurt will speak by Federal Reserve President Janet Jelen and Bank of Japan Governor Haruhiko Kurod, which can be reflected in the exchange rate of this currency pair. Also, at 14:30 today, the producer price index (PPI) will be published in the US, which can be further reflected in the exchange rate of this currency pair. During the Asian trading, the US dollar strengthened against the Japanese yen 0.04%.
The price of gold weakened during Asian trade. Today in possible price hikes on the price of this precious metal, as at 11:00 am on the panel of the European Central Bank in Frankfurt, they will hold the presidency of the Federal Reserve, the first man of the European Central Bank, the Bank of England and the Bank of Japan. Also, the announced vote this week about tax reform in the United States continues to affect the price of gold. During Asian trading, the price of gold weakened by 0.14%.
The price of crude oil declined during Asian trade. The price of crude oil is currently under declining pressure as a reaction to the rise in US production. Tonight at 22:30, the US Petroleum Institute will publish a report on the stock of this fuel, which can be reflected in the price of crude oil. During Asian trade, the price of crude oil declined by 0.26%.
Dax30 weakened by 0,40% on Monday. The largest drop was recorded in the shares of the technology sector, civil engineering and service sector. Of the winners, Adidas AG (+ 1.60%) was singled out and the losers E.ON SE NA (-1.56%). The index of volatility on the German index, which shows the sentiment (fear) of the investor regarding the expected volatility in the future period, dropped to 14.05 points or a decrease of 3.04%.