The British currency, the sterling, dropped on Friday, amid Theresa May's Conservative Party losing the majority in the election. Following the election's outcome, the sterling traded at $1.2685 declining aggressively 1.13%.
The U.S. dollar traded close to its multi-month low areas today, as the sterling resumes firm before the U.K election's voting outcome. The dollar index reached the 96.64 level falling 0.03%.
The Australian dollar climbed against the U.S. dollar to one-month highs, following the positive data release on Australia's economic growth, as the New Zealand dollar traded lower.
Oil prices fell for the third consecutive day, today, upon concerns for a political disagreement between several Arab states and Qatar likely placing tremendous pressures on the commodities market.
Gold futures, last Friday, moved to their strongest closing price, as the precious metal performed its fourth consecutive weekly appreciation following the lower outcome, compared to forecasts, for stronger payrolls rise in May.
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