During the Asian trading, the euro strengthened against the dollar. The EU summit has brought disagreements about the approach and way of regulating (illegal) migration to and within the EU. Italy has threatened not to support the deal at any point on the agenda unless a satisfactory solution is found on this extremely important issue. However, early in the morning, the deal was largely achieved and the euro strengthened strongly. At around 08:45, the euro is exchanged for $ 1.1641, which at the beginning of the European session shows a strengthening of the euro by 0.63%. At 11:00, data on inflation in the euro zone will be published. At 2:30 pm, figures on the rise in inflation in the US will be published according to the Fed’s methodology.
During Asian trading, the British pound recovered against the US dollar. The British currency follows the movement of the euro, which has achieved a strong recovery against the dollar. At around 08:45 hours, this currency pair is at $ 1,3114 per pound, which means a gain of 0.28%. At 10:30, the figures on GDP growth in the UK in the first quarter are expected to follow and macroeconomic indicators. The EU summit should today provide more answers to the question of the status and progress of EU accession negotiations. At 2:30 pm, figures on the rise in inflation in the US will be published according to the Fed’s methodology.
During Asian trading, the Japanese yen weakened against the dollar. Better data on unemployment and the state of inflation since tonight have provided an incentive, but not for too long. Later, the dollar reversed and the yen’s weakening trend that lasts for the past few days has continued. At around 8:50 am, this currency pair is traded around the level of 110.60 yen per dollar, which at the beginning of the European session is getting weaker against the dollar by 0.1%. At 2:30 pm, figures on the rise in inflation in the US will be published according to the Fed’s methodology.
Gold prices recovered slightly during Asian trade. At around 8:40 am, the price of gold is about $ 1251 for a fine ounce. At 2:30 pm, figures on inflation growth in the US will be published according to the Fed’s methodology, which in the short term can influence the movement of the US dollar, and indirectly to gold.
During Asian trade, the price of crude oil slowed down. The strong price rise due to the current supply problems from Canada and long-term from Venezuela and Iran in the near future pushed the price of oil to the highest level since November 2014. Recording profits to the account of that growth halted the upward movement and slightly lowered the price of crude oil down. About 8:40 am, crude oil is traded for around $ 73.22 per barrel, which has been falling from 0.21% since the beginning of trading today.