During the Asian trade, the weakening of the dollar is being pressed by a growing concern whether Congress will adopt an extension of the government’s budgetary funding program that expires on Friday evening. This morning, the euro is exchanged for $ 1.2262, which at the beginning of the European session shows a strengthening of the euro by 0.2%. Today there are no major economic news and announcements from the euro zone. At 4:00 pm, a consumer sentiment indicator in the United States is expected to compile and publish the Michigan University.
During Asian trading, the dollar weakened against the British pound. This morning, this currency pair is at $ 1,3906 per pound, which means a pound gain of 0.06%. At 10:30, retail sales in the UK are expected for December. At 4:00 pm, a consumer sentiment indicator in the United States is expected to compile and publish the Michigan University.
During the Asian trade, the Japanese yen strengthened against the dollar. This morning, this currency pair is traded at the level of 110.78 yen per dollar, which at the beginning of the European session makes the dollar symbolically weaker than the yen by 0.29%. At 4:00 pm, a consumer sentiment indicator in the United States is expected to compile and publish the Michigan University.
The price of gold is on the rise during Asian trade due to the weakening of the US dollar, which is being pressed by the growing concern whether the Congress will adopt an extension of the Government’s budgetary funding program, which expires on Friday evening. The price of gold this morning is traded around $ 1,331 for a fine ounce.
During Asian trade, the price of crude oil declined. Yesterday the stock drop was higher than expected, but negative sentiment prevailed due to production growth in the US and (anticipated) fall in demand due to the near-end of winter in the northern hemisphere. At 10:00 am, a global report on the state of the oil market will be published, and at 7:00 pm, a regular weekly report on the number of crude oil wells in the United States is expected. At the end of the Asian session, crude oil is traded about $ 63.13 per barrel, which gives a drop of around 1.28%.
Dax30 rose on Thursday (+ 0.74%) closing at 13281.43 points. The producer price index in Germany this morning remained at the level of expectation. The winner of yesterday was Infineon’s (+ 5.55%) share.