#EUR/USD
The euro has weakened against the US dollar during Asian trade. The trend of strengthening the US currency continued throughout the Asian trade, however, as inflation is approaching the release of inflation data (CPI, the consumer price index in the United States will be released today at 13:30), the US currency began to sluggish. Also, ZEW economic sentiment will be announced at 11:00 today, and a meeting of EU finance ministers will be held throughout the day, which together can cause increased price fluctuations at the exchange rate of this currency pair. During the Asian trade, the euro weakened against the US dollar by 0.15%.
#GBP/USD
The British pound weakened during Asian trading. Today at 12:30, UK Finance Minister Philip Hammond will present a budget, while at 13:30 in the US, CPI data will be published, which together can now cause increased price fluctuations on the exchange rate of this currency pair. During Asian trading, the British futurist weakened against the US dollar by 0.12%.
#USD/JPY
The US dollar strengthened against the Japanese yen during Asian trade. After unofficial information that North Korean leader Kim Jong Un intends to sign a permanent peace agreement with the US, the sentiment of financial market risks has further weakened, which strengthened the US currency. Also, this year’s disappointing index of industrial activity index in Japan has further weakened the yen. Today at 13:30 in the United States, consumer price index (CPI) data will be published, which together can cause increased price fluctuations in the exchange rate of this currency pair. During the Asian trade, the US dollar strengthened against the Japanese yen by 0.40%.
#GOLD
The price of gold weakened during Asian trade. Strengthening the US currency after positive labor market data in the United States, with a reduction in the sentiment of financial market risks following unofficial information that a forthcoming US-North Korea meeting could result in the signing of a permanent peace agreement and the establishment of diplomatic relations between the two countries, has weakened gold. Today at 13:30 in the United States, consumer price index (CPI) data will be published, which can all today cause increased price fluctuations in the exchange rate of this currency pair. During Asian trading, the price of gold declined by 0.33%.
#OIL
During Asian trade, the price of crude oil has weakened. The more intensive production of this fuel in the United States led to the fact that the USA overtook Saudi Arabia (the leading crude oil producer within the OPEC cartel) in terms of crude oil production. Currently, US production is more than 10 million barrels per day, which affects the price of this fuel. At 21:30 tonight, the US Petroleum Institute will publish a report on the stock of this fuel, which can be attributed to the cost of crude oil. During Asian trade, the price of crude oil declined by 0.20%.