During the Asian trading, the euro strengthened against the dollar. European Commission President Jean-Claude Juncker is traveling to the US where he will try to tackle the tense trade and business relations imposed by the US side with Donald Tramp and his administration. At around 08:50, the euro is exchanged for $ 1.1697, which at the beginning of the European session shows a strengthening of the euro by 0.08%. At 4:00 pm, figures on the sale of new homes in the United States will be published.
During the Asian trade, the British pound strengthened against the US dollar. On the island there is still a diphtheria that should take the path, which in the long run does not give room for a stronger recovery of the pound. At around 8:50 am, this currency pair is at $ 1,3167 per pound, which means a pound gain of 0,17%. At 10:30, the number of approved mortgage loans in the UK will be published. At 16:00, the numbers on the sale of new homes in the United States will be published.
The US dollar has slightly weakened against the Japanese yen during Asian trade. The speculation that the Bank of Japan is considering the possibility of reducing the program of mass monetary incentives is kept firm against the dollar. At around 08:50 hours, the US dollar is exchanged for 111.18 Japanese yen, which represents an increase in yen by 0.09%. At 16:00, the numbers on the sale of new homes in the United States will be published.
The gold price is rising in Asian trade, as the US dollar is in a mild fall. At around 08:45, the price of gold is around $ 1227 for a fine ounce. At 4:00 pm, the figures on the sale of new homes in the US will be published, which, to the extent that affects the US dollar, may also reflect the short-term price movement of precious metals.
During Asian trade, the price of crude oil has risen. The US Petroleum Institute announced last night that crude oil stocks were much more than expected. Also, reports that China is planning to continue and intensify large-scale infrastructure investment, supports the belief that demand from this multidisciplinary country will not lag behind despite a trade war with the United States. About 8:40 am, crude oil is traded for around $ 68.83 per barrel, which has been growing 0.45% since the beginning of trading today. At 16:30, an official report on the stock of crude oil reserves in the United States is expected.