The euro strengthened against the US dollar during Asian trading. At 8:00 am in Germany, information on industrial production and trade balance will be published, while at 10:15 a European Central Bank official will address the public, which could affect the exchange rate of this currency pair. Also, the forthcoming summit of Group 7, which will be held this weekend in Canada, attracts the attention of participants in the financial market, mainly due to the trade tariffs introduced by the USA to some member countries of this group. At the end of Asian trading, the euro is exchanged for $ 1.1806, which represents an increase of 0.05%.
The British pound strengthened against the US dollar during Asian trading. Today at 10:30 in the United Kingdom will be published data on the index of procurement managers of the factory sector, which could reflect the exchange rate of this currency pair. At the end of Asian trading, the British pound is exchanged for $ 1.423, which is a gain of 0.01%.
The US dollar weakened against the Japanese yen during Asian trading. However, this morning disappointing data on gross domestic product in Japan was published, which could, during the continuation of trading, be reflected in the exchange rate of this currency pair. At the end of Asian trading, the US dollar is exchanged for 109.66 Japanese yen, a decrease of 0.04%.
The price of gold weakened during Asian trade. The weakening of the price of yellow metal is attributed to the strengthening of the US dollar that began recovering after touching the lowest value in the last three weeks. The demand for safe financial instruments is still present before the upcoming Group 7 meeting in Canada this weekend and the North Korean-US summit to be held on June 12th in Singapore. At the end of Asian trading, the price of gold ranges from around 1,299.20 per one ounce, representing a decline of 0.29%.
During Asian trade, the price of crude oil has weakened. The price of crude oil is between two sentiments. The first group of news comes from Venezuela and concerns the slowdown in the export of crude oil from this country, which strengthens the price of this fuel. On the other hand, the record production of crude oil in the United States and the announcement of the cartel OPEC that it could increase crude oil production after a regular June 22 meeting in Vienna affects negatively the price of this fuel. At the end of Asian trading, the price of crude oil ranges from around $ 65.80 per barrel, representing a weakening of 0.23%.