The euro strengthened against the US dollar during Asian trading. The US currency is weakened, primarily because market participants have invested their investments in the stock market, which, after weakening last week, began to show signs of recovery. Market participants are expecting data on US inflation, to be released this week. During the Asian trade, the euro strengthened against the US dollar by 0.25%.
The US dollar weakened against the Japanese yen during Asian trading. Today in front of the Japanese parliament, Governor of the Bank of Japan, Haruhiko Kuroda, said that the Japanese economy still needs an “ultra-light” monetary policy, reflected in the massive government bond purchase program (quantitative easing). Today at 2:00 pm, the speaker is a member of the Federal Reserve Market Committee Loreta Mester, which may be reflected in the exchange rate of this currency pair. During the Asian trading, the US dollar weakened against the Japanese yen by 0.48%.
Gold prices strengthened during Asian trade. Strengthening of gold is currently attributed to the weakening of the US currency, arising primarily because market participants have focused their investments on the stock market, which, after weakening last week, began to show signs of recovery. The price of this precious metal this week may also be influenced by information on US inflation, which will be released this week. During Asian trading, the price of gold increased by 0.08%
During Asian trade, the price of crude oil has strengthened. The Secretary General of the cartel, OPEK, yesterday said that he had received assurances from Russian President Vladimir Putin that Russia would not abandon the agreement on reducing the production of crude oil. Today at 10:00 am a report from the International Energy Agency will be published, while at 22:35, the US Petroleum Institute will publish a report on crude oil stocks, which can be further reflected in the price of this fuel. During the Asian trade, the price of crude oil increased by 0.57%. During the Asian trade, the price of crude oil increased by 0.57%.