US dollar is strengthening against the majority of its competitors. Against the background of the absence of significant macroeconomic releases in the United States, support for the instrument is provided by positive expectations regarding the meeting of US President Donald Trump and Chinese President Xi Jinping at the G20 summit in Argentina. Investors hope that the parties will be able to come to an agreement and not allow the escalation of the trade conflict.
Quotes of the EUR/USD pair fell to the level of 1.1338 against the background of yesterday's weak data from Germany, as well as under pressure from the general strengthening of the US dollar. The EU macroeconomic calendar lacks important releases today. Due to this, the movement of the instrument will be affected by technical factors.
Quotes of the GBP/USD pair dropped to the level of 1.2817 amid a slight decrease in the positive effect of the approval by the EU countries of the Brexit draft, as well as due to the general strengthening of the US dollar. Now investors are waiting for the outcome of the vote for the draft in the British Parliament, which is scheduled for December 11. Today, traders will focus on CBI Distributive Trades Survey. The indicator is expected to grow to 10 points in November from 5 points a month earlier. If the forecast proves correct, it can support the instrument.
Quotes of the USD/JPY pair show a positive trend rising to 113.50 during the Asian session. As there is a lack of key economic releases, the movement of the price is of technical nature.
The pair AUD/USD corrected to 0.7237 during Asian trading. Due to the absence of important releases in Australia, the movement of the instrument is technical.
Quotes of gold declined to 1221.50 under the pressure of the US dollar gaining strength.
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