US dollar is trading in both directions against the majors. Investors are focused on the ongoing trade conflict between the US and the PRC. Washington said it was ready to introduce new duties on Chinese goods worth USD 267 billion. The Chinese side, in turn, can take retaliatory measures. Macroeconomic statistics able to influence the rate of the currencies paired with the USD today includes the publication of the Fed's "Beige book" (20:00 GMT+2).


Quotations of the pair EUR/USD showed moderately negative dynamics and fell to the level of 1.1581 during the Asian session. Today, investors are waiting for the publication of Industrial Production data (11:00 GMT+2). According to forecasts, the figures may decrease in July, which will put additional pressure on the euro. YoY, the indicator may decline from 2.5% to 1.0%. MoM, the volume of industrial production could decrease by 0.5%.


The quotations of the GBP/USD pair are consolidating around 1.3000. Due to the absence of important macroeconomic releases the trading activity is low.


Quotations of the pair USD/JPY during the Asian session corrected downwards to the level of 111.52. As there is a lack of key economic releases, the movement of JPY is of technical nature.


Quotes of the pair AUD/USD are moving in a narrow range with the limits of 0.7084–0.7125 and have changed insignificantly in one day. In the absence of macroeconomic releases from Australia, investors' attention is focused on the development of a trade conflict between China and the United States.


Quotes of gold demonstrate ambiguous dynamics within the corridor of 1187.50–1199.22. Currently, the instrument is consolidating at 1195.31.

Morning Market Review

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