ECB: the amount of loans granted for banks grew by 214 billion euro, and reached 879 billion euro for this week only.
Asian and European trading sessions:
Euro: The Euro was trading in a narrow range against the U.S. dollar and Japanese yen during both trading sessions on Wednesday. The EUR/USD pair traded in the $1.3050 -$1.3080 range. The results of the auction held today for Italy's government bonds indicated that investors still have concerns of the prospects of the Italy's economy and future of the euro.
US Dollar: The US dollar demonstrated a stable trading dynamics against the Japanese yen during the Asian trading session after the released report of the US Minister of Finances regarding the recent intervention in Japan, which pressured the US dollar.
British Pound: The GBP/USD pair traded in the range of $1.5640 - $1.5680 during both sessions and recorded its daily maximum which has been reached at the level of $1.5691.
Japanese Yen: The yen grew against the greenback due to the concerns over the global instability with the oil industry. Iran threatened to block the Strait of Hormuz, which located between Oman and the Persian Gulf and provided exports of petroleum products, if Britain, United States, and Canada will not remove sanctions against energy sector of the Iranian economy. The USD / JPY pair fell in Y77.58 area ??.
Gold: Gold prices dropped steeply today against the strengthening of US dollar. February prices fell to 1550.50 dollars per troy ounce.
Oil: Crude oil futures WTI on NYMEX finished this day trading day with a decrease of 1.89 dollar at 99.45 dollars per barrel. However, one day before, on Tuesday, December 27 the oil prices were increasing. The reasons for it were the concerns of market participants regarding the supply of oil due to Iran's threats to block the Strait of Hormuz for oil transportation.
American trading session:
US Dollar: The American session demonstrated the increase of long positions for US dollar. The dollar index grew at the beginning of the session by 0.86% rising above the level of 80.9 points
Euro: The European Central Bank (ECB) reported today that the amount of loans granted for banks of Euro zone grew by 214 billion euro, and reached 879 billion euro for this week only. This publication threw the currency to its yearly low against the US dollar. The pair sharply declined reaching $1.2890 level.
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