The US dollar rose today against a basket of currencies from from its lowest level since November 7 after the rebound from an uptrend line over the daily time frame, currently trading at 96.50 levels.
The British Pound saw some volatility, after hitting its daily high of 1.2882 and retreating near its intraday highs at 1.2836. The rally came in the wake of the support of BoE Governor Mark Carney for the Brexit deal but the Pound is still under pressure pending the developments of the Brexit negotiations.
EUR has fallen strongly from a two-week high and gave up its gains, as selling off in global equity markets and continued tension between the Italian government and the European Union on the budget, the euro currently trading at 1.14 levels.
Oil prices fell strongly from gains over the last four days of trading, with US crude returning to $ 55.75 a barrel, driven by rising supply concerns as OPEC is likely to cut output.
