EUR/USD

The EUR/USD quotations changed insignificantly during the Asian trading session. The rate is consolidating around 1.3380 in anticipation of today's publication of the consumer price index in the Eurozone. It is expected that in annual terms the value of the indicator will remain unchanged at the level of 2,1% in July. In monthly terms, the value of the indicator is expected to fall to -0.3% in July from 0.1% a month earlier.

GBP/USD

The GBP/USD rate is consolidating around the 1.2730 level. Today the macroeconomic calendar of the UK and the US does not contain significant releases, so the movement of the GBP/USD exchange rate is of a technical nature.

USD/JPY

Quotes of USD/JPY during the Asian session fell to the area of 110.88, where it is consolidating now. Due to the lack of a news background from Japan and the US, the USD/JPY movement is speculative.

AUD/USD

The AUD/USD rate shows lateral dynamics near the 0.7263 level. Comments of the head of the RBA Philip Lowe speaking last night could not exert influence on the Australian currency, as in fact they did not contain anything new. The head of the RBA made it clear that the regulator intends to leave the current monetary policy unchanged while the inflation level remains below the target level of 2-3%.

Gold

Due to the relative calm in the market and the absence of economic releases, gold quotations declined slightly and reached the level of 1172.30.

Morning Market Review

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