During the Asian session, USD is strengthening against most majors, with the exception of AUD. The upward trend in the instrument is due to the Fed meeting minutes published last night, according to which the regulator intends to continue the policy of gradual increase in interest rates. Investors reacted to this news by active purchases of the US currency. Today, market players will pay attention to statistics on initial jobless claims from the US (14:30 GMT+2). The indicator is expected to reduce to 211K a week from 214K a week earlier. If the forecast proves correct, it can support USD rate.


Quotes of the EUR / USD pair declined to the level of 1.1489 against the background of the strengthening USD and ambiguous data on inflation in the euro area. In the absence of macroeconomic releases in the eurozone, investors will follow the summit of EU leaders pending news on Brexit.


The pair GBP/USD fell to the level of 1.3082 under pressure from weak data on inflation in the UK. Today, traders are waiting for data on retail sales in the UK. On a monthly basis, the indicator is expected to drop to –0.4% in September from 0.3% a month earlier. On an annual basis, the indicator is expected to grow to 3.6% in September from 3.3% a month earlier.


Quotes of the pair USD/JPY increased to 112.50 due to the strengthening of USD. In the absence of significant economic releases, JPY is traded under the influence of US news.


The AUD/USD rate rose to 0.7125 against the background of labor market statistics from Australia. The unemployment rate dropped to 5.0% in September from 5.3% a month earlier. Employment Change turned out to be worse than the forecasts and amounted to 5.6K in September against 44.6K a month earlier (with the forecast of 15.2K). Investors reacted to this news by purchases of AUD.


Gold quotations dropped to 1218.75 during Asian trading.

Morning Market Review

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