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Euro remained strong as the situation in Italy became more stable; U.S. dollar strengthens thank to robust jobs data

The euro preserved its momentum on Tuesday after reports that suggested the government in Italy was starting to stabilize. It kept stable after hitting its best level since May 24 at $1.1745 yesterday. The currency has been continuously recovering since it touched its lowest level in ten months ($1.1510) last week.

The U.S. dollar continued to advance thanks to the positive employment report released on Friday. Versus the Japanese currency, the greenback climbed to 109.83 yen, after hitting a five-week low on the previous week. Investors expect another rate hike in the U.S. by the time the year ends.

Oil prices fully recover from recent lows

The price of oil rose on early Tuesday trade, fully recovering from a 2 percent decline yesterday. Expectations that OPEC will increase production and higher output in the U.S. have made prices decline.

U.S. West Texas Intermediate rose by 0.4 percent, or 28 cents to finish at $65.03 per barrel after dropping more than 1.6 percent (closing at $64.75) yesterday. The International benchmark for oil, Brent crude, finished 0.2 percent higher at $75.44 per barrel. Brent was traded 2 percent lower at $75.29 last Monday.

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