During the Asian trade, the euro strengthened strongly in order to weaken against the dollar in the second part of trading (o). The results of the parliamentary elections in Italy and the decisions of the German Social Democrats of the week – to support the new government Angela Merkel leave a mixed impression on the common European currency. At around 08:25, the euro is exchanged for $ 1.2338, which at the beginning of the European session shows a slight appreciation of the euro by 0.02%. Today, there are no major economic announcements from the EU at 13:30, will be publicly spoken by a member of the Federal Reserve Board of Monetary Policy, William Dudley.
During the Asian trading, the dollar strengthened against the British pound. There are no major economic releases and news from the UK today. At 08:25 hours, this currency pair is at $ 1.3827 per pound, which means the dollar gain of 0.16%. At 13:30, a member of the Monetary Committee of the Federal Reserve, William Dudley, is expected to address.
During the Asian trade, the Japanese yen weakened to compensate for all losses in the second part of the trading against the dollar. Last night it was heard that it might happen that President Tramp abandoned the (hard) decision to impose customs duties on imports of steel and aluminum, which gave relief to the dollar that is in a downward trend towards the Japanese currency. The Governor of the Bank of Japan stated that there are certain dangers that acceleration of inflation will not continue at a pace that his institutions have anticipated. At around 08:25, this currency pair is traded at the level of 106.18 yen per dollar, which makes the dollar weaker against the yen by 0.03% at the beginning of the European session.
Gold prices recorded a slight increase in Asian trade. The uncertainty that followed Sunday’s parliamentary elections in Italy gave support to the price of gold, while expectations regarding the rising trade war (yesterday) plunged, limiting the rise in the price of yellow metal. The gold price is about $ 1321 for a fine ounce around 8:30 am.
The price of crude oil has risen on account of the expectation that the (rising) global demand for oil is growing faster than the pace of production, primarily in OPEC and Russia, which could have been heard at a major conference held this week in Texas. At around 08:30, crude oil is traded for about $ 61.34 per barrel, which gives a modest growth of 0.15% since this morning.