The American currency is moderately declining against the euro, the pound, the Australian dollar and the yen. Both yesterday and today the US macroeconomic calendar lacks important releases, so the movement of the instrument is influenced by technical factors.

EUR/USD

During yesterday's US session, the EUR/USD quotes tested a minimum at 1.1458, after which they corrected upwards and returned to 1.1500 during the Asian session.

GBP/USD

The pair GBP/USD continues demonstrating positive dynamics and has risen to 1.3105. Support for GBP is provided by news regarding Brexit. This Wednesday, representatives of the European Union can offer the UK a “unique” deal, which is more ambitious than the previously proposed solutions.

USD/JPY

The pair USD/JPY dropped to 113.06 due to the weakened USD. Due to the absence of important releases in the US and Japan, the movement of the instrument is speculative.

AUD/USD

The pair AUD/USD shows moderately positive dynamics. It rose to 0.7089 during the Asian session. The pair is supported by positive statistics on National Australia Bank's Business Conditions. According to the data published the index was better than the forecast and rose to 15 points in September as opposed to 14 points a month earlier.

Gold

Quotes of gold traded with positive dynamics and rose to 1191.41 during the Asian session.

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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