During the Asian trade, the euro strengthened against the dollar. The worries of intensifying trade relations in the world, primarily between China and the US, do not go hand in hand with the US currency. Today there are no major economic news and announcements from the EU and the US, and the main data on GDP growth in the United States is expected on Wednesday. At around 8:20 pm, the euro is exchanged for $ 1.2365, which at the beginning of the European session shows a strengthening of the euro by 0.11%.
During the Asian trade, the British pound was positive news Friday that a formal agreement was reached on the orderly departure of the island nation from the EU. The pound strengthened against the dollar. Today, there are no major economic news and announcements from the UK and the US, except that at 10:30 hours the data on approved mortgage loans in the UK is extracted. The main data – on the growth of US and UK GDP in the fourth quarter, are expected on Wednesday and Thursday. At around 08:25 hours, this currency pair is at $ 1,4159 per pound, which means a pound gain of 0.2%.
During Asian trading, the dollar touched the 16-month minimum against the Japanese yen. The worries since the intensification of trade relations in the world do not go hand in hand with the US currency. At around 08:25, this currency pair is traded at 104.99 yen per dollar, which makes the dollar stronger at 0.24% in the beginning of the European session.
The price of gold has been falling since strong growth since last week. At around 8:35 am, the price of gold is about $ 1344 for a fine ounce. Data on US GDP growth in the fourth quarter (last reading) is expected on Wednesday.
The price of crude has been slightly declining after a strong growth since last week. The number of oil wells has increased for the carriers, as the data from Friday showed. It is expected to start trading with Shanghai futures on crude oil, which market participants from the main stock exchanges are waiting for reserved. About 08:35 hours, crude oil is traded for about 65.59 dollars per barrel, which has been falling from 0.44% this morning.