The euro and the New Zealand dollar fell amid political instability

The rate of the New Zealand dollar fell when the ruling National Party won the most votes in the last elections, however, without gaining an absolute majority.

Now there is an opportunity to form a coalition. The euro also fell when Germany’s Chancellor Angela Merkel won the election in Germany, remaining for the fourth term, confronted with the problem of parliamentary instability due to the increased popularity of the ultra-right.

Shares of Asian companies fell back under the pressure of economic concerns in China. In Japan, the yen rate fell, and the company’s stock prices rose, as the prime minister insists on stimulating the economy and holding elections. The MSCI index fell by 0.35%, which was facilitated by the widespread fall in the region’s stock assets. The Hang Seng index fell by 0.8%, and Shanghai – by 0.3% after several Chinese cities rolled out new obstacles to real estate sales.

The pound sterling rose on Friday after British Prime Minister Therese May did not provide any specific comments on how Britain intends to retain privileged access to the single European market after Brexit. Nasdaq and the S & P 500 closed with a slight increase last Friday when concerns about the Graham-Cassidy initiative on health reform overshadowed investor concerns over the North Korean issue. The USD exchange rate increased by 0.3% to the yen, negating the loss of the Friday trading, when the exchange of insults between President Trump and North Korea negatively affected the risk appetite of traders.

In the commodity market, the price of oil stabilized after Friday’s growth, when OPEC member countries and other producers announced their intention to solve the problem of market oversaturation and, consequently, low commodity prices. The issue of expanding the program of supply restriction will be resolved in January.