USD weakens against most majors following the results of trading during the American session. Today, investors are waiting for the decision of the US Federal Reserve on the interest rate, which can be increased from 2.00% to 2.25%. However, traders are more interested in whether the regulator will increase the rate once more this year. If the Fed confirms its commitment to the rate increase rate, the US dollar will receive support. The refusal of the regulator from the its previous plans can put significant pressure on USD. The decision on the interest rate, as well as comments of the Fed on monetary policy will be announced today at 20:00 (GMT+2).


Quotations of the pair EUR/USD consolidate around 1.1764 in anticipation of publication of data on the key interest rate of the US Federal Reserve.


Against the background of the overall weakening of USD, quotes of the pair GBP/USD rose to 1.3183, where they consolidate in anticipation of publication of the US Federal Reserve's decision on the interest rate. This morning, investors will pay attention to BBA Mortgage Approvals (10:30 GMT+2). The indicator is expected to grow to 39.700K in August from 39.584K a month earlier. If this assumption is right, it will support the instrument in the short run.


USD shows positive dynamics against JPY. Against this backdrop, the rate of the pair USD/JPY updated a maximum at 113.01, after which it slightly corrected downwards. Currently, there is a low trading activity due to investors' expectations of the Fed's decision on the interest rate and further monetary policy of the United States.


During the Asian session, quotes of the pair AUD/USD rose to 0.7286 due to the weakening of the US currency.


Quotes of gold are traded in the range with the boundaries of 1196.88–1203.10 and have changed insignificantly.

Morning Market Review

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