Forex

The Euro grew due to the positive expectation of meeting of leaders of Germany and France.

By Forex-Metal

Asian and European trading sessions:

Euro: During the Asian trading session on Monday the Euro was raising against its major competitors against the background of attention to the crucial meeting of leaders of Germany and France. The EUR / USD pair strengthened to $1.27835 level at the beginning of the European trading session amid the positive expectations of this meeting.

British Pound: The GBP/USD couple traded mostly in narrow trading range during both sessions. It’s high was at $1.5467 and low around $1.5401 area .

Australian dollar: The Australian dollar weakened against all 16 major currencies. The report of retail sales’ in November provided by the Australian Bureau of Statistics showed a decline compared with expectations. In this regard, the trading dynamics of Australian dollar was negatively influenced before the beginning of the Asian trading session.

American trading session:

Swiss Franc: The news o the resignation of the head of the Swiss National Bank Mr. Philipp Hildebrand which released today was supportive for trading dynamics of Swiss Franc. This resignation is related to the recent scandal of illegal operations with the use of insider information. The Swiss currency become stronger against its competitors after the head of the Swiss central bank had reported this issue.

Oil: The Oil dropped after the report of performance of German industrial production revealed its decline to 3.6% in November (YoY) compared forecasted 3.9%. Today, the February futures price of U.S. light crude oil fell to 100.10 dollars per barrel.

Gold: Gold prices were stable today and ended up closing at $1.611.44 per troy ounce.