Overview of the main drivers: Stock indices and oil

The main European stock indices are moving in the red zone, losing on average about -0.73% of quotations, thereby providing some support to European currencies against the US dollar. See Quotations.

Oil prices declined in the course of the European session, losing an average of -0.12% of quotations, thereby putting pressure on commodity currencies against the US dollar. See “Oil (current news)“

It is worth noting that a significant strengthening of the US dollar should not be expected during the European session, just as its decline. Market participants expect the publication of a key report on employment in the US, the publication of which can set the direction of the market until the end of trading on Friday. For more information, see “The Market Is Preparing for a report on Employment in the US“

Alexander Sivtsov