The euro strengthened against the US dollar during Asian trading. The United States entered the third day of a financial blockade since the law on budget financing has not been adopted in the US Senate. On the other hand, on Sunday, it was announced that the Social Democratic Party in Germany voted to start negotiations on a coalition government, which could affect the euro. A Eurogroup meeting will also be held today. During the Asian trade, the euro strengthened against the US dollar by 0.01%.
The British pound strengthened against the US dollar during Asian trading. Today there are no major economic news from the United Kingdom, so the exchange rate of this currency could be under the sentiment coming from the United States. For the day after today, the US Senate should vote on the law on budget financing, which can be reflected in the exchange rate of this currency pair. During the Asian trade, the British pound strengthened against the US dollar by 0.06%.
The US dollar strengthened against the Japanese yen during Asian trading. The financial blockade of the US state apparatus continues as there has yet to be found a consensus between the Republican and the Democratic Party over the law on budget financing. Today in the afternoon, the US Senate needs to vote again on the above-mentioned law, which can be reflected in the exchange rate of this currency pair. During the Asian trade, the US dollar strengthened against the Japanese yen by 0.15%.
The price of gold weakened during Asian trade. The price of this precious metal today could be influenced by information coming from the United States (voting on the law on budget financing), the Eurogroup meeting and the possible escalation of the conflict between Turkey and the Kurdish portion of Syria. During Asian trading, the price of gold weakened by 0.32%.
During Asian trade, the price of crude oil has strengthened. The entry of the Turkish army into the Kurdish part of Syria has raised political tensions, which also reflected the rise in crude oil prices. Also, the reduction in the number of wells in the United States, which Baker Hughes reported on Friday, further strengthened the price of this fuel. During Asian trade, the price of crude oil increased by 0.16%.
Dax strengthened on Friday. The biggest gain was recorded by companies from the portic, base and transport sectors. Adidas (+ 6.90%) and Merck (-0.51%) lost the winnings. The volatility index that records the sentiment of the investor in terms of expected volatility in the future period has increased by 0.23% and is at 12.61 points.