U.S. dollar higher upon geopolitical crisis

U.S. dollar higher before data releases

The U.S. dollar traded higher versus its main counterparts today, amid the investors and the traders focusing on today's data releases in the U.S. as well as the recent geopolitical crisis in place.

Euro and dollar trade at 1.1234

The EUR/USD traded to 1.1234, lower than the 1.1257 zone, falling 0.10%. The U.S. dollar remained under pressure as the concerns over Trump's ties with Russia disturb the progress of the stimulus measures.

The GBP/USD approached the 1.2850 zone declining 0.32%, the USD/JPY traded to 110.99 rising 0.20%, the AUD/USD at 0.7402 depreciating 0.38%, and the U.S. dollar index gained 0.12% reaching the 97.03 area.

Oil futures upper after 3-week lows

Oil futures escalated, after having dropped to 3-week lows, during the previous session amid the crude stockpiles in the U.S. dropping more than the estimations.

The crude inventories reached 513.2 million dropping 8.7 million barrels, Brent crude futures went to $51.16 rising 40 cents, and the U.S. WTI crude approached $48.71 a barrel escalating 38 cents.

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