During the Asian trade, the euro weakened against the dollar, which detached itself from a three-year low that was recorded on Friday. At 11:00 o’clock, ZEW is expected to be an indicator of the economic perspectives sentiment in Germany. At around 08:30, the euro is exchanged for $ 1.2373, which at the beginning of the European session shows a gain of 0.27%. Today there are no major economic news and announcements from the United States.
During Asian trading, the dollar weakened against the British pound. At 10:30, a set of macroeconomic data from the UK is expected (on the manufacturing industry, the state of the trade balance, etc.), and at 2:00 pm and a forecast on the growth of GDP UK. At 12:00, an indication of the management sentiment in the UK’s industrial activity is expected in the future. At around 08:30, this currency pair is at $ 1.3961 per pound, which means the weakening of the dollar by 0.27%. Today there are no major economic news and announcements from the United States.
During Asian trading, the Japanese yen weakened against the dollar. At around 08:30, this currency pair is traded at 106.94 yen per dollar, which makes the dollar stronger by 0.33% at the beginning of the European session. Today there are no major economic news and announcements from the United States.
The price of gold has been falling for the third day in a row due to the dollar that has detached itself from the three-year low that it recorded on Friday. The price of gold is around $ 1339 for a fine ounce around 8:15 am. Today there are no major economic news and announcements from the United States.
During the Asian trade, while Brent crude oil is falling, the price of WTI’s crude oil continues to grow due to reduced supplies from Canada through the Keystone oil pipeline, which is still not at full capacity due to leakage that occurred late last year. The OPEC secretary general said that the implementation of this organization’s limitation of production arrangement in January was 133%. At the end of the Asian session, crude oil is traded about $ 62.28 per barrel, which gives an increase of about 1.19%.