The euro strengthened against the US dollar during Asian trading. Today at 1:45 pm, the European Central Bank will announce a decision on the interest rate in the Eurozone, and soon afterwards will be followed by a press conference to be addressed by the president of this institution, Mario Dragi, which could cause increased price fluctuations in the exchange rate of this currency pair. At the end of the Asian trading session, the euro is exchanged for $ 1.2176, which represents an appreciation of the euro of 0.12%.
The British pound strengthened against the US dollar during Asian trading. Today at 10:30 in the United Kingdom will be published information on the number of approved mortgage loans, while at 14:30 in the United States will be announced information on orders of durable goods, which can all be attributed to the exchange rate of this currency pair. Negotiations on the issue of the United Kingdom leaving the European Union continue at the end of April, which additionally impacts the British pound. At the end of the Asian trading session, the pound is exchanged for $ 1.3944, an increase of 0.09%.
The US dollar weakened against the Japanese yen during Asian trading. Despite the current weakening, the rise in yields of US government bonds limits the weakening of the US currency. Today at 2:30 pm, information on orders for permanent goods will be published in the United States, which can be further reflected in the exchange rate of this currency pair. At the end of the Asian trading session, the dollar is exchanged for 109.31 yen, which represents a weakening of the US dollar of 0.11%.
Gold prices strengthened during Asian trade. Due to a mild weakening of the US dollar, the price of yellow metal strengthened. However, yields on US government bonds continue to positively affect the US dollar, which can be reflected in the price of gold during the continuation of trading. At the end of Asian trading, the price of gold is around $ 1,325.00, an increase of 0.17%.
During Asian trade, the price of crude oil has strengthened. Despite the increase in US crude oil stocks and the growing production of this energy from the United States, the price of this fuel is strengthened, mostly because of the concern that the United States may reintroduce sanctions against Iran. By May 12, the US administration should make a definitive decision whether to sanction Iran again. At the end of Asian trade, the price of crude oil increased by 0.45%.