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Dollar was trading higher against yen in the early Asian session

The dollar was seen trading higher against the Japanese yen early in the Asian trade.

The U.S. Dollar Index was last quoted at 90.22. Prospects of higher inflation in the U.S., the U.K. and Germany make investors speculate that the world’s leading central banks will soon start to step back from their current policies and opt for rate hikes.

USD/JPY exchanged hands at 0.6% closing at 108.86 while the AUD/USD pair stood at 0.7816, an increase of 0.01%. The British Pound fell against the dollar by 0.09% and traded at 1.3811 as the British Prime Minister, Theresa May, gave a fresh speech on Brexit plans in the coming weeks.

U.S. Stocks futures went up

After last week’s roller coaster ride in Wall Street, U.S. stock futures were showing clear signs of recovery. Dow Jones Industrial Average futures were up by 141 points, or 0.58%, in early trade in Asia. S&P 500 futures went up by 15.50 points or 0.59%. Nasdaq 100 futures were also bullish. They climbed by 0.41%, gaining 26 points.

Oil closes in the green zone

The recovery in the stock markets helped oil regain strength after its sharp losses the previous week. Brent crude futures rose by 1% and closed at $63.42. WTI went higher by 1.1% and was traded at $59.83. Despite these rises, analysts still warn against future drop in prices due to increasing production in the United States.

* The details mentioned above have been partially adopted from third party sources, including websites, and are displayed “AS-IS” Readers should take into account that all the data that appear in this review can change based on the dynamic of global markets. The information provided by the review ought not to be considered as advice or financial guidance nor can it relate to any investor’s personal requirements or investment goals. In addition, the data should not be conceived as any kind of recommendation to trade and / or carry out a transaction and / or deposit funds.