Overview of the major drivers: Stock indices and oil!

The major stock indices in Europe are declining during the Wednesday trading. On average, the indices fell by -0.80%, which allows European currencies to strengthen their positions against the US dollar. German DAX fell by 1.32%. See Quotations, so the single currency remains against the US dollar near the daily high at 1.1181.

Fig. EUR/USD graph, current price – 1,1838.

Oil prices moves in the red zone, while losing about -1.20% of positions. The decline in oil prices only restrains the strengthening of commodity currencies against the weakened US dollar.

Alexander Sivtsov