US dollar rises moderately against the majority of its competitors. Due to the absence of significant macroeconomic releases in the US, the movement of USD rate is primarily technical. Today, investors are waiting for the release of the US retail sales data. The indicator is expected to grow to 0.7% MoM in September from 0.1% a month earlier. If the forecast proves correct, it can support the instrument.

EUR/USD

The pair EUR/USD dropped to 1.1560 during the Asian session. Due to the absence of macroeconomic releases from the euro area, the movement of the pair's exchange rate will be affected by US statistics.

GBP/USD

Quotes of the pair GBP/USD fell to the level of 1.3107 due to the general strengthening of USD. Due to the absence of significant economic releases from the UK, the instrument movement will be affected by news from the US.

USD/JPY

Quotes of the pair USD/JPY show moderate negative dynamics and fell to the level of 111.91. The yen strengthens against the backdrop of heterogeneous statistics from Japan. Capacity Utilization rose to 2.2% in August from –0.6% a month earlier. Industrial production turned out to be worse than expected and dropped to 0.2% in August from 0.7% a month earlier on a monthly basis.

AUD/USD

The pair AUD/USD against the strengthening of the US currency fell to the level of 0.7100, where it is currently consolidating, and waiting for statistics from the US.

Gold

Gold quotations rose to 1222.66 during Asian trading.

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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