Euro traded under pressure yesterday, as Marine Le Pen, the head of the French far-right Front National party, said she would urge European leaders to ditch the euro and return to national currencies if she wins. Although, the common currency settled at $1.07, the negative outlook still dominates.
The U.S. dollar index declined yesterday and settled at 100 pips.
The Greenback fell to ¥112 yesterday, but could face a support at ¥111.50, in anticipation of the upcoming meeting between Prime Minister Shinzo Abe and the U.S. President Donald Trump.
The Greenback was negatively affected by the recent political uncertainty between Europe and the U.S. While investors are heading towards safe-haven assets as the new U.S. administration is willing to undermine the dollar.
Gold touched new highs and settled at $1,245 yesterday, thanks to the recent political uncertainty in Europe. Technically, the yellow could hit $1,260 due to the uncertainty over Europe's political outlook.
Oil managed to pare yesterday’s losses, but is still far away from the gains, which it achieved at the beginning of the week. Oil prices fell yesterday after data showed China's 2016 oil demand grew at its slowest pace for more than three years.
The most important economic events:
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