Overview of the basic drivers

The main European stock indexes show mixed dynamics in the course of trading with a maximum deviation of 0.25%, which has no significant impact on the movement of foreign exchange market instruments. See https://www.tradingeconomics.com/stocks

Oil of both brands is trading below zero marks, losing an average of -0.25%, which was facilitated by the proposal of the Kurds to wait with independence from Baghdad and move to a dialogue to resolve the crisis peacefully. In the event that the Kurds and the central government of Iraq manage to reach an agreement, oil supplies from Kurdistan can grow. Thereby, the supply of raw materials in the market will grow. This dynamics of oil prices exerts some pressure on commodity currencies against the US dollar.

Alexander Sivtsov