This currency pair is located in a narrow range of oscillations before noon. This morning he disappointed the trade balance of Germany. Namely, the surplus was much lower than expected. Today there are no major economic announcements from the United States, and the sentiment on Friday is pushing the dollar because the NFP numbers were pretty bad. At around 13:55 hours, the euro is exchanged for $ 1.2283, indicating an increase in eva by 0.02%. At 3:00 pm, a member of the executive approval of the ECB, Vitor Constancio, will hold a speech, and Mario Dragi, President of the ECB, will speak publicly on Wednesday.
During most of European trading, the British pound is in a strengthening phase against the dollar. In the morning, data from the UK real estate market were better than expected. Today there are no major economic announcements from the United States, and the sentiment on Friday is pushing the dollar because the NFP numbers were pretty bad. At around 14:00, the British pound is exchanged for $ 1.4118, which means the weakening of the dollar against the pound by 0.21%.
The US dollar strengthened against the Japanese yen during the first part of European trading. The weakening of the US currency after disappointing data from the US labor market on Friday, is stopped today. This was additionally contributed by the disappointing balance sheet of current account transactions in Japan. There are no major economic news and announcements from the United States today. On the other hand, tensions in trade relations between the US and China could create an increased volatility in the exchange rate of this currency pair. During the previous European trading, the US dollar strengthened against the Japanese yen by 0.17%.
The price of gold weakened during the first part of European trading. After a strong increase in the price of yellow metal after a disappointing US labor market data released on Friday, today’s gold price is in a mild corrective move. However, tensions on US-China trade relations and the publication of notes from a previous Federal Reserve meeting Wednesday may further trigger price fluctuations in this currency pair. During the previous European trading, the price of gold declined by 0.32%.
During the first part of European trading, the price of crude oil is growing. After the price of this fuel dropped nearly 2% on Friday, and after the release of the report Baker Hughes, which showed an increase in the number of new wells by ten, the price of this fuel is in a mild retreat today. This week will be interesting for crude oil, as in addition to regular stock reports in the US, monthly bulletins from OPEC and the International Energy Agency will be published. During the previous European trading, the price of crude oil increased by 0.79%.