Yesterday, by the end of the day EUR/USD quotes started to grow and continue it during today's Asian session. The pair is testing the resistance level of 1.1536. The dollar is pressured by news about the discontent of US President Donald Trump with the policy of the Fed and the growth of interest rates. The president and his advisors believe that raising rates can slow down the growth of the US economy by the time the new presidential campaign of 2020 begins. According to the Dow Jones agency, Trump made this statement during a charity event in New York. Investors reacted to these statements by selling the US currency. Today, there are no important macroeconomic releases that can have a significant impact on the EUR/USD exchange rate, so the pair's movement will be speculative.


The GBP/USD rate is growing in view of a general weakening of the US dollar, caused by news about the US president criticising the current policy of the Fed, aimed at raising rates. During the Asian session, the instrument reached the level of 1.2832. Today, traders will pay attention to the publication of statistics on Public Net Borrowings in the UK for July. The index is expected to reduce to -2.30 billion pounds in July from 4.53 billion a month earlier, which, if confirmed, can support the British currency.


The USD/JPY rate during the Asian session fell to the level of 109.90 amid the general weakening of the American currency. This week, Japanese investors expect major global economic events: which are US-China trade talks and the economic symposium in Jackson Hole.


The AUD/USD rate on the background of sales of the US dollar rose to the level of 0.7354. Speaking today, RBA Governor Philip Lowe confined himself to general statements regarding the financial system of Australia which did not have a noticeable effect on the instrument.


Quotes of gold rose to around 1195.31 during the Asian session amid a general weakening of the US currency.

Morning Market Review

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