The US currency is near the highs of two and a half months to the Japanese yen on Monday in the Forex market. Stability to the dollar was added by signs of progress in US-Chinese trade negotiations.
The US currency is near the highs of two and a half months to the Japanese yen on Monday in the Forex market. Stability to the dollar was added by signs of progress in US-Chinese trade negotiations.
At the same time, the British pound interrupted its rally after reaching peaks of three months against the backdrop of hopes for Britain to conclude an agreement with the EU and Brexit with a deal.
On Friday, the dollar fixed to the yen up to 108.63, the highest since August 1, before US leader Donald Trump announced that Washington and Beijing had reached the “first phase” of a trade deal.
After the possible deal information, the US currency lost its advantage, dropping by 0.07% to 108.32 yen. The euro fell by 0.11% to $ 1.1028, moving away from a three-week high of $ 1.10625 on Friday.
The pound on Friday rose rapidly in price to the dollar to $ 1.2708, the highest since July 1, and also reached a five-month high of 86.955 pence against the euro amid optimism on Britain’s possibility of a deal with the EU.
This morning, however, the British currency broke off its rally, down by 0.33% to $ 1.2605.
World oil prices fell slightly as part of the correction after rising last week by more than 3%.
As of early morning, the price of December futures for Brent brand mix fell by 0.51%, to $ 60.2 per barrel, the price of WTI brand - by 0.59%, to $ 54.38 per barrel.
Trading volumes are expected to be low on the first day of the new week as Japanese markets are closed on public holidays, while markets in the United States partially celebrate Columbus Day.
EURUSD: Buy. Entry point – 1, 1024. Take profit – 1, 1043. Stop Loss – 1, 0991.
AUDUSD: Buy. Entry point – 0, 6769. Take profit – 0, 6796. Stop Loss – 0, 6750.
USDCAD: Buy. Entry point – 1, 3208. Take profit – 1, 3223. Stop Loss – 1, 3183.
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