U.S. dollar weaker vs. the yen

U.S. dollar weaker to the yen

The U.S. dollar traded weaker versus the Japanese yen during the Asian trading session, amid the FED's chief suggesting that the rate hikes will take place earlier than anticipated.

U.S. dollar and Aussie to 0.7506

The AUD/USD pair traded to 0.7506 rising 0.07%, the USD/JPY to 110.72 declining 0.20%, and the U.S. dollar index reached the 100.97 zone climbing 0.03%.

As per the Janet Yellen's statement yesterday, the Federal Reserve will be increasing interest rates on a gradual basis in an attempt to sustain inflation near 2%, and employment at satisfactory levels.

Crude oil to five-week highs

Today, crude oil prices approached to five-week highs, upon concerns that the tensions in the Middle East act as barriers on the commodity's prices.

Brent crude futures traded 0.1% or 4 cents lower to $55.94 per barrel., while WTI approached $53.00 a barrel rising 0.15% or 8 cents.

The precious metal, gold, traded higher amid the FED's chief suggesting that the central bank moves according to the plan on rate hikes.

In the New York Mercantile Exchange in the Comex division, April's delivery on gold traded to $1,255.35 a troy ounce rising 0.12%. Copper futures reached $2,602 a pound easing 0.15%.

Read More

ArgusFX Review