The US currency is falling against the euro and the pound, but shows a lateral trend in a pair with the Australian dollar and strengthened against the yen. Statistics released last night from the United States as a whole turned out to be positive, but could not influence the rate of the instrument. ISM Non-Manufacturing PMI was better than the forecast amounting to 60.3 points in October, which is lower than the previous figure of 61.6 points. Services PMI grew to 54.8 points in October from 54.7 points a month earlier. Today, investors will pay attention to statistics on JOLTs Job Openings in the US. The indicator is expected to fall to 7.100M in September from 7.136M a month earlier. If this forecast is right, it will put pressure on the US dollar in the short run.


The EUR/USD pair rose to the level of 1.1407. Today, investors are waiting for the publication of Services PMI in the euro area. The indicator is expected to remain unchanged at the level of 53.3 points in October.


Quotes of the pair GBP/USD consolidated above the level of 1.3051. Support for GBP is provided by positive news regarding Brexit. According to the Sunday Times, Theresa May managed to achieve EU concessions on the Irish border issue. In particular, Brussels agreed to leave in the customs union not only Northern Ireland, but the whole of Great Britain until all disputed issues are finally resolved.


The USD/JPY pair is moderately growing having risen to 113.35 during the Asian session. A weak statistics on the index of household spending in Japan put pressure on the yen. The value of the indicator in monthly terms decreased to –4.5% in September from 3.5% a month earlier, and in annual terms it fell to –1.6% in September from 2.8% a month earlier.


The pair AUD/USD shows lateral dynamics having consolidated at 0.7217 during the Asian session. Today, the RBA predictably left the interest rate unchanged at 1.50%. The regulator still believes that low rates contribute to economic growth.


Quotations of gold as a whole have changed only slightly and are traded at 1229.95.

Morning Market Review

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