The U.S. dollar falls for the second week

News of the day, Monday, May 30

Oil was up today, hitting two-month highs as investors are in wait for the European Union's decision on the sixth package of sanctions against Russia. Brent Crude futures increased by 0.73%, and WTI futures gained 0.85%.

The U.S. dollar continued last week’s losses today and headed for the first monthly drop in five months. Today, the U.S. dollar index was steady at 101.660 after hitting a two-decade high of 105.010 earlier in May.

Gold was up today, as the weaker dollar boosted the metal, yet a move toward riskier assets in Asia capped gains. Gold futures gained 0.41%.

Asian shares rose on Monday, as Shanghai authorities pledged to loosen many conditions for businesses to resume operations from Wednesday. Japan’s Nikkei 225 was 2.2% up and South Korea increased by 1.2%.

The price of Brent crude is $116.60, WTI — $116.10, GBP/USD — 1.2622, EUR/USD — 1.0751, and gold costs $1858.00 per ounce.