USD declines against most majors, with the exception of the yen. A certain pressure on USD is exerted by statistics on existing home sales in the United States. The index fell to –3.4% in September from –0.2% a month earlier. Today the macroeconomic calendar does not contain any important releases that can affect the rate of USD, so the movement of the instrument will be affected mainly by technical factors.

EUR/USD

The pair EUR/USD rose to 1.1505 due to the weakening USD. Due to the absence of important releases in the US and euro area, the movement of the instrument is technical.

GBP/USD

Against the background of a weakening dollar, quotes of the GBP/USD pair rose to the level of 1.3066, near which they are consolidating during the Asian session. In general, the uncertain situation around Brexit continues to exert pressure on the pound. The latest EU summit dedicated to this issue was left without results, which increases the likelihood of the UK leaving the European Union without an agreement.

USD/JPY

Quotations of the pair USD/JPY during the Asian session rose to the level of 112.69. All Industries Activity Index, published at night, showed an increase of up to 0.5% in August from –0.2% a month earlier, but could not provide substantial support to the yen.

AUD/USD

During the Asian trading session, the quotes of AUD/USD are traded in both directions. After falling to the level of 0.7086, the rate quickly returned to the level of 0.7114, where it is currently being traded.

Gold

The gold rate has changed slightly and is consolidating around the level of 1226.56. Due to the absence of significant economic releases from the United States, there is a decrease in the instrument volatility.

Morning Market Review

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