During the Asian trade, the euro strengthened against the dollar. Today there are no major economic news and announcements from the EU, and at 16:00, an indicator of US consumer confidence is expected. At around 09:10, the euro is exchanged for $ 1.2468, which at the beginning of the European session shows a strengthening of the euro by 0.2%.
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 8:25 pm, this currency pair is at $ 1,4159 per pound, which means a pound increase of 0,2%. At 16:00, an indicator of US consumer confidence is expected.
During the Asian trade, the dollar strengthened against the Japanese yen. The worsening of global trade tensions have plummeted yesterday, weakening demand for safe investments. At around 09:10, this currency pair is traded at the level of 105.63 yen per dollar, which at the beginning of the European session makes the dollar stronger than the yen by 0.21%. At 16:00, an indicator of consumer confidence is expected USA.
Gold prices are in a slight upward trend during Asian trade. Recovery of the dollar is not seen on most of the most important currencies. At around 9:15 am, the price of gold is about $ 1,355 for a fine ounce. The data on US GDP growth in the fourth quarter (last reading) is expected tomorrow.
The price of raw material is mild. Yesterday, Iraq supported the idea of Saudi Arabia that the production limitation agreement would be extended in 2019. At around 9:15 am, crude oil is traded about $ 65.64 a barrel, which is growing at 0.14% this morning.