At the moment trade data for the past month showed an increase in the positive balance between China and the United States before new trade duties enter into effect. Furthermore, Donald Trump said that he is ready to impose higher tariffs on Chinese goods as soon as possible.
Against the backdrop of tension in relations with the US, the Turkish lira wanes, while the Russian ruble, amid the recently introduced sanctions, updated its two-year lows. This week we expect the publication of solutions from these countries regarding key interest rates. After that we will observe what steps governments would take to strengthen their national currencies.
During the weekend the cryptocurrency market stopped its decline and currently demonstrates moderate growth.
Since the beginning of today's trading session the price of Brent crude oil has opened with a gap up and currently the price is at around 77.41 dollars per barrel.
