During the Asian session, the US dollar corrected against most majors after the decline the day before. USD was supported by the minutes of the meeting of the Federal Open Market Committee published yesterday. The Fed maintains a positive outlook on the development of the US economy, despite the expected slowdown in GDP growth in the second half of the year, and is ready to continue the policy of raising the interest rate. At the same time, the protocol noted that the continuing contradictions in trade policy between the US and other countries are a significant source of uncertainty and risks. The next meeting of the FOMC is scheduled for September 25 and 26.


The pair EUR/USD fell to 1.1556 during Asian trading. Today, market players will pay attention to the release of the data on Markit Services PMI in Germany (09:30 GMT+2) and in Eurozone (10:00 GMT+2). It is expected that in Germany the index will rise to 54.3 points in August from 54.1 points a month earlier. In the euro area, according to forecasts, the index will grow from 54.2 points to 54.4 points. The confirmation of the forecast may support the rate of the pair.


The pair GBP/USD fell to the level of 1.2878 against the background of the general strengthening of the US dollar. Due to the absence of significant economic statistics in the UK, investors are focused on news from the US and on US-China trade negotiations. In the afternoon, statistics on initial jobless claims for the week (14:30 GMT+2) and Markit Services PMI (15:45 GMT+2) will be published in the US.


The pair USD/JPY rose to the level of 110.93 against the background of the strengthening of the USD, as well as weak statistics from Japan on the composite indices of leading and coincident indicators. Composite Index of Leading Indicators fell to 104.7 points in June from 106.9 points a month earlier. Composite Index of Coincident Indicators fell to 116.4 points in June from 116.8 points a month earlier. This afternoon, the statistics on the US on initial jobless claims and Markit Services PMI will be able to influence the rate of the pair.


Quotes of the pair AUD/USD on the background of the correction of USD decreased to 0.7293. In the absence of significant economic releases in Australia, the instrument will be traded under the influence of US news.


The gold rate during the Asian trading session fell to the level of 1191.41.

Morning Market Review

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