USD strengthens against most majors due to the US labor market statistics published on Friday. Nonfarm Payrolls grew from 147K to 201K, which exceeded the market’s expectations. Hourly Earnings also grew better than investors expected: by 0.4% MoM and by 2.9% YoY. However, Unemployment Rate remained at the same level of 3.9% instead of the expected decline. Investors reacted to this news with active purchases of USD. As a result, USD index rose by 0.46% to 95.43 points in one trading day.
The EUR/USD pair was under pressure from negative data on the GDP of the eurozone and strong statistics on the US labor market, and fell to 1.1545. Today, the macroeconomic calendar of the euro area and the US lacks significant releases, so the movement of the rate will be affected by technical factors.
GBP declined against USD due to general strengthening of USD caused by the publication of positive statistics on the US labor market. Today, market participants are waiting for data on industrial production and GDP in the UK (10:30 GMT+2). According to forecasts, GDP may rise to 0.2% in July from 0.1% a month earlier. Industrial production is expected to remain unchanged YoY at 1.1% in July, and MoM it may fall to 0.2% from 0.4% a month earlier.
The pair USD/JPY corrected to the area of 110.94 by the end of the session after active growth on Friday and testing of 111.23, and consolidated in this area during the Asian trade. Today's statistics from Japan showed GDP growth in Q2 2018 to 3.0% from 1.9% a month earlier, however, the market ignored these statistics.
Quotes of the pair AUD/USD fell to the level of 0.7110 due to the general strengthening of USD. Pressure on AUD was also provided by news about a possible exacerbation of the trade confrontation between the PRC and the US. President Trump once again criticized China's trade policy with regard to the import of goods from the US and threatened to introduce new tariffs on Chinese goods.
Quotes of gold declined to 1193.30 under the pressure of the US dollar gaining strength.
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