USD strengthened against most majors on Wednesday. The US currency is supported by the Fed's decision to increase the interest rate from 2.00% to 2.25%. In the follow-up statement, the regulator noted that it will continue to adhere to the policy of gradual increase of interest rates. The Fed is planning on yet another one rate hike by 25 basis points by the end of 2018. It should be noted that investors reacted to such news quite calmly. At the end of yesterday's session, USD was in no hurry to grow and did not show single dynamics. The main growth of the instrument occurred during the Asian session. Macroeconomic events that can influence USD paired with majors today include statistics on US GDP for Q2 2018 (14:30 GMT+2), as well as durable goods orders (14:30 GMT+2).

EUR/USD

Quotes of EUR/USD went down to 1.1700 under pressure of the strengthening USD. Today, traders will pay attention to the data on CPI in Germany (14:00 GMT+2), as well as on ECB Head Mario Draghi's speech (15:30 GMT+2).

GBP/USD

The GBP/USD pair today dropped to 1.3122 during the Asian session. The pound is under pressure from the rising USD. Due to the absence of macroeconomic releases from the UK, the movement of the pair's exchange rate will be affected by US statistics.

USD/JPY

The yen was the only currency that managed to strengthen against USD following yesterday's trading. After the announcement of the Fed's decision on the interest rate, the rate of the pair jumped to the level of 113.12, after which it began actively correcting downwards, which was facilitated by technical sales. The active growth of the pair the day before provided investors with attractive conditions for fixing profits on long positions. At this backdrop the instrument declined to 112.59.

AUD/USD

Quotes of the pair AUD/USD decreased to 0.7270 on the background of USD correction. Today, the dynamics of the instrument rate will be affected by the statistics from the US.

Gold

The exchange rate of gold fell to 1195.00 amid the Fed's decision to raise interest rates and the regulator's intention to continue the policy of gradual rate hikes.

 

Morning Market Review

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