US dollar is falling against most majors. After a moderate strengthening, which was due to an increase in the yield of 10-year US government bonds to seven-year highs, the current decline in the USD is corrective. Today, investors are waiting for the publication of data on Producer Price Index in the US.

EUR/USD

Quotes of the pair EUR/USD increased to 1.1514 due to the correction of USD. Today, the macroeconomic calendar of euro area lacks important releases, so the movement of the rate will depend on the news from the US.

GBP/USD

During the Asian session, the rate of the pair GBP/USD rose to 1.3185, corresponding to a two-week high. Strengthening of the pound is supported by the relative progress in the negotiations on Brexit, as well as the general weakening of the US currency. Today, traders expect the release of the UK GDP for August. The indicator is expected to fall to 0.1% in August from 0.3% a month earlier. If the forecast proves right, the pound will fall under pressure.

USD/JPY

Quotes of the pair USD/JPY decreased to 112.99 on the background of USD sales. Due to the absence of significant economic releases from Japan, the instrument movement will be affected by news from the US.

AUD/USD

The pair AUD/USD rose to the level of 0.7125 during the Asian session. AUD is supported by positive statistics on Westpac Consumer Confidence, which showed the growth of the indicator to 1% in October from –3% a month earlier.

Gold

Quotes of gold rose to the level of 1190.32 against the background of general weakening of USD.

Morning Market Review

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