The Bank of China has decided to reduce the reserve requirement for some banks, thus releasing an additional 108 billion dollars for lending. In the elections held in Turkey Recep Erdogan won with a result of 53%, with 98% of the votes counted. Against this background, the rate of the Turkish lira demonstrated a strengthening.
Despite the fact that the dollar;s exchange rate has strong support, due to the possibility of the possibility of a trade war investors are showing a preference for safe assets, which caused the dollar index to fall to the level of 94.28.
After the meeting of OPEC, oil quotations from the beginning of the trading session opened in the negative territory and are traded near monthly minimums. Cryptocurrencies also declined during the weekend and are currently trying to win back their lost positions. Now we expect the publication of the US real estate market and auctions of short-term bills.
