With an eye on Brexit Deal, Dollar and Euro remain cautiously stable


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With an eye on Brexit Deal, Dollar and Euro remain cautiously stable

The ongoing uncertainty regarding the outcome of the Brexit deal affected the forex market on Friday and the Euro and Dollar both tightening on the day. Alternatively, the yen posted significant gains. The Euro was trading at around 1.13 against the dollar and analysts think that that the exchange would continue to remain below 1.14 on Friday.

Reuters quoted the ING experts' observations in this regard. The experts said, "With a lack of meaningful catalyst for euro upside, we expect EUR/USD to remain below $1.1400 today." The yen posted gains and traded at around 113 against the dollar, with a gain of about 0.3%.

The Indian rupee rose against the dollar and was trading at around 71. In the bullion market, gold was trading at around $1,221 per ounce, posting a gain of 8.7%. Silver also rose by around 0.08% and was trading at $14.36 per ounce.

Platinum posted a gain of around 4.9% and was trading at $846. Brent crude rose by around 1.46% and was trading around at $68. American crude was