The US dollar is moderately declining against the euro, the pound and the yen, but is strengthening against AUD. The decline is technical. Today, investors are waiting for the main macroeconomic event of the week — the publication of data on the US labor market (14:30 GMT+2), which can have a significant impact on the instrument.

EUR/USD

During the Asian session, the rate of EUR/USD corrected to 1.1505, around which it is consolidating at the moment. In the absence of releases in the euro area, the movement of the instrument will depend on today's statistics on the US labor market.

GBP/USD

Quotes of the pair GBP/USD rose to the level of 1.3000 due to the general weakening of USD. Today, investors will pay attention to the publication of the Halifax House Prices for September in the UK, and the main release of the day will be statistics on the US labor market.

USD/JPY

The pair USD/JPY fell to the level of 113.80, ignoring yesterday's positive statistics on factory orders in the United States. The indicator turned out to be better than forecast and rose to 2.3% in August from –0.5% a month earlier. Currently, there is a low trading activity and consolidation of the rate in anticipation of statistics on the US labor market.

AUD/USD

During the Asian trading session, the quotes of AUD/USD went down to 0.7064. In general, AUD continues to be under pressure from the development of the trade conflict between the US and China, as well as the low interest rate policy, which the RBA intends to adhere to in the foreseeable future.

Gold

Quotes of gold have ambiguous dynamics. After testing the level of 1206.54, the rate corrected to 1198.60 where it is trading currently.

Morning Market Review

The material published on this page is produced by the Claws&Horns Company and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.

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