During the Asian trading, the euro mainly held earlier gains against the dollar. The dollar slowed down after a run which was (driven) by the divergence of monetary policies of the most important central banks. Yesterday yields fell to US government bonds. There are no major economic announcements and news from the euro zone today. At around 08:50 hours, the euro is exchanged for $ 1,1605, which at the beginning of the European session shows a weakening of the euro by 0.04%. At 14:30, the US producer price index will be published.
During the Asian trade, the British pound failed to recover significantly. The firm position of the EU and the possible variant of failure to agree on Brexit do not give a pound chance of consolidating. There are no major economic releases and news from the UK today. At around 08:50 hours, this currency pair is at $ 1.2874 per pound, which means the weakening of the pound by 0.05%. At 14:30, the US producer price index will be published.
The US dollar remained largely unchanged compared to the Japanese yen, which is at its highest level in relation to the US currency over the past nine days due to speculation about the moment when the Bank of Japan could begin normalizing monetary policy. Also, there will be trade negotiations between the United States and Japan. At around 8:50 am, the US dollar is exchanged for 111.03 Japanese yen, which represents a weakening of the yen by 0.01%. At 14:30, the US producer price index will be published.
Gold prices record a slight recovery during Asian trade. The dollar slows down after a strong rampage in the past days. Yesterday yields fell to US government bonds. At around 08:45, the price of gold is around $ 1214 for a fine ounce. There are no major economic releases and news from the USA today.
During Asian trade, the price of crude oil has managed to consolidate since yesterday’s strong decline. Yesterday, there was a slight decline in the stock of crude oil and petroleum products in the US. In addition, China has decided that customs contests to tax US $ 16 billion in China at a rate of 25% and crude oil. At around 08:45 hours, crude oil is traded about $ 67.05 per barrel, which has been growing since 0.16% since the beginning of trading today