Foreign exchange market operators are keeping an eye on developments that central banks are beginning to bring and the geopolitical conflict. The yen is stuck after the Bank of Japan's decision to keep its interest rates unchanged. The dollar, awaiting the Federal Reserve (Fed) this Wednesday, is trying to make a comeback, advancing 0.20 percent to 97.740 units, according to the DXY index, which measures its performance against a basket of six international currencies.
The oil market reacts with new increases. The price of Brent crude is back near 75 dollars, with a gain this morning of 2.58 percent, to 75.12 dollars, as investors are concerned that the conflict does not escalate and lead to the worst-case scenarios predicted, which could cause a sudden spike in its price. Meanwhile, WTI, the U.S. benchmark, rises 2.36 percent to 71.91 dollars.
On the other hand, Wall Street opens lower. The main U.S. indices drop by an average of 0.50 percent. Meanwhile, the Mexican Stock Exchange declines by 0.23 percent.
Futures for the precious metal are awaiting geopolitical and monetary developments near the threshold of 3,400 dollars per ounce, compared to the 3,470 dollars it touched last Friday, with a drop this morning of 0.23 percent to 3,405 dollars.
Follow me for more analysis and news, like 👍 and share, that would help me a lot to continue growing.