Following the release of Friday's data, the reserve currency has appreciated against a basket of major currencies. Today trading is not conducted in the United States, China, Hong Kong, and Canada due to the celebration of national holidays.
The euro at the end of last week was not the most optimistic, since during the American session the EUR/USD retreated from a 3-year high and headed down. Data published from the US showed a strengthening of the economy and increased the likelihood of a Fed interest rate increase to almost 100%, because at this time investors are optimistic about the dollar. Expected this week are reports from the United States that may further identify the trend; the Fed's meeting minutes will be released for the reserve currency. This week the central bank raised its forecast for inflation.
In the UK, despite the release of weak data, there are no sharp sales of the pound. In the hope that the Bank of England will raise interest rates this year, investors retain an optimistic mood. Investors also hope that the trade agreement between the UK and the EU will be signed.
With regard to oil prices, they are showing moderate growth and currently the quotes for Brent and WTI respectively are around 65 and 62 dollars per barrel.
