The euro strengthened slightly against the US dollar during Asian trade. Lower yields on US government bonds weakened the US currency. Today, there are no economic news, however, members of the Federal Reserve as well as members of the executive board of the European Central Bank will address the public, which could reflect the exchange rate of this currency pair. At the end of Asian trading, the euro is exchanged for $ 1.1962, a gain of 0.17%.
The British pound strengthened against the US dollar during Asian trading. Today, there are no economic news from the United Kingdom, and at 8:45 pm, the Federal Reserve Member Loreta Mester will address the public. At 15:40, a member of the Federal Reserve Bulard will also be invited to the public, which could affect the exchange rate of this currency pair. At the end of Asian trading, the British pound is exchanged for $ 1.3563, which is a gain of 0.15%.
The US dollar weakened against the Japanese yen during Asian trading. Reduced yields on US government bonds affected the weakening of the US currency. At 08:45 he will address the public of the Federal Reserve Member Loretta Mester. At 15:40, also a public member of the Federal Reserve Bulard will also address the public, which could be reflected in the exchange rate of this currency pair. At the end of Asian trading, the US dollar is exchanged for 109.39 yen, a decrease of -0.01%.
The price of gold weakened during Asian trade. However, despite the current weakening, after disappointing US inflation data released last week, the price of gold is in an upward trend. During today’s trading, geopolitical developments could affect the price of yellow metal. At the end of Asian trading, the price of gold is around $ 1,320.20, representing a decline of 0.03%.
During Asian trade, the price of crude oil has weakened. The increase in the number of oil wells in the United States has affected the weakening of crude oil prices. On Friday, the report Baker Hughes showed that the number of newly opened oil wells increased by ten, so the total number now stands at 844. On the other hand, some European Union countries oppose the abandonment of the nuclear deal with Iran, which also weakens this energy. Today at 13:20, the OPEK cartel will publish a monthly report, which could affect the price of crude oil. At the end of Asian trading, the price of crude oil is around $ 70.45 per barrel, representing a weakening of 0.35%.