Asian stock indices rose today following yesterday`s US stocks indices performance. According to JPMorgan, history has proven that geopolitical shocks did not dominate the markets for long. Asian stocks reached their highest level in five weeks.
Oil prices rise as West Texas Intermediate crude contracts are trading today above $105 per barrel, compared to levels under $100 a barrel at the end of last week. Prices rose amid anticipation of more sanctions against Russia.
The euro continued its decline against the dollar in today`s session, dropping to $1.09 after reaching the highs of $1.11 last week. The euro was affected by geopolitical tensions and expectations that the European Central would delay in tightening its monetary policies.
The Australian dollar rose against a basket of currencies, including the US dollar. The AUDUSD pair is trading above $0.76 compared to prices below $0.75 at the beginning of the week. The Reserve Bank of Australia decided to hold rates at 0.10%. However, markets are anticipating a rate hike next August.