U.S. dollar lower on rate hike forecasts
Today, the U.S. dollar traded lower amid the investors and the traders focusing on the probabilities for a third rate hike in 2017. The U.S. dollar index reached the 97.16 zone declining 0.06%.
The British currency, the sterling, stabilized, after touching the $1.2700, at $1.2600, following Andy Haldane's, BOE policy member, comments.
Brexit negotiations shaping Britain's future
The uncertainty in Britain after the Brexit outcome places pressures on the negotiators, who are trying to find the best and smoother exit plan without further financial consequences, and the nation's business investment status.
Oil prices close to 10 month low zones
In the early EU trading session, oil prices were under considerable pressures aiming to move away from its 10 month low areas.
The U.S. WTI for August contrast fell approximately 0.4% or 17 cents at $42.36, Brent oil to $44.64 declining 18 cents, gasoline futures for July to $1.404 a gallon, heating oil to $1.360 a gallon losing 0.4 cents, and natural gas futures to $2.897 per million British thermal units appreciating 0.4 cents.
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