Following the high euro exchange rates of last week, foreign exchange traders are now becoming more cautious. Now the value of the US dollar against the Japanese yen is rising, which is helping to catalyze the exit from the euro.
Crude oil prices, on the other hand, rose yesterday to their highest level since 2015, as speculators are betting on a further rise in prices after OPEC calls for further production cuts and also for Americans to limit their oil production.
Text: HANSA Derivatives Trading GmbH / / Graphics: Saxo-Trader