U.S. dollar lower on concerns over Trump

U.S. dollar resumes weak

The U.S. dollar continues to trade lower versus its counterparts following the rise of concerns whether Trump's scheme in pushing forward his economic policies could end positively.

U.S. dollar and yen at 110.10

The U.S. dollar index traded at 99.07. The USD/JPY currency pair traded at 110.10 almost stable, the EUR/USD approached the 1.0853 zone falling 0.09%, and the GBP/USD reached the 1.2576 area appreciating 0.14%. The EUR/GBP traded to 0.8631 dropping 0.2%, the NZD/USD to 0.7021 declining 0.37%, and the AUD/USD to 0.7602 depreciating 0.2%.

Oil prices higher upon concerns

The prices of oil escalated due to the weaker greenback and the recent data where OPEC could likely be extending its global production cut.

Brent crude futures traded to $51.23 per barrel gaining 48 cents, and WTI crude futures at $48.21 a barrel rising 48 cents.

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