USD fell against most majors due to yesterday's weak statistics from the US. Producer Price Index MoM fell to –0.1% in August from 0.0% last month. YoY, the index reduced to 2.8% in August from 3.3% a month earlier. Published yesterday, the US economic report "Beige book" could not provide support for the dollar. According to it, several regions of the Fed reported on the acceleration of inflation. At the same time, economic growth rates remain moderate in most regions.

Today, investors will pay attention to statistics on the Consumer Price Index for August in the US. It is expected that the Consumer Price Index may fall from 2.9% to 2.8%, and the Core Consumer Price Index will remain at the same level of 2.4%. Also, market participants continue to monitor the development of trade conflicts between the US and China.


The rate of EUR/USD has moved towards active growth against the background of weak US statistics by the end of the US session and rose to 1.1628. Today, investors are waiting for the ECB's decision on the interest rate. It is expected to remain unchanged on the level of 0%. Also today, the ECB press conference will take place, during which the regulator can comment on monetary policy.


Quotes of the pair GBP/USD during the American session rose to 1.3054, near which they consolidated in the morning. Investors are waiting on the Bank of England decision on the interest rate. It is expected to remain unchanged on the level of 0.75%. Also today, there will be a press conference of the Bank of England, during which the British regulator may voice its plans for further monetary policy.


The USD/JPY pair today rose to 111.42 during the Asian session. Published at night, positive statistics on machinery orders could not provide support for the yen. Machinery Orders YoY rose to 13.9% in July from 0.3% a month earlier. On a monthly basis, the indicator grew to 11.0% in July from –8.8% a month earlier.


Quotes of the pair AUD/USD grew to the level of 0.7193 due to the general weakening of the US dollar, as well as with the support of positive statistics from Australia. Employment Change indicator increased to 44K in August from –3.9K a month earlier. Participation Rate increased up to 65.7% in August against 65.5% a month earlier. Unemployment Rate remained unchanged at the level of 5.3% in August.


Gold quotes rose to the level of 1204.50 by the end of the US session. The general weakening of USD contributes to the growth of prices for gold.

Morning Market Review

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