The US dollar is declining against the euro and the Australian currency, however, it is rising against the pound and gold, and shows lateral dynamics paired with the yen. The movement of the instrument takes place against the background of heterogeneous statistics from the United States, published yesterday. Initial jobless claims grew to 234K from 224K a week earlier. Private spending increased to 0.6% in October from 0.2% a month earlier. Personal income also showed a positive trend and amounted to 0.5% in October from 0.2% a month earlier. The FOMC protocol published last night confirmed the Fed’s intention to raise the key rate in December. At the same time, the regulator believes that in the future it is necessary to carefully approach the issue of tightening monetary policy after the December round of rate hikes. Investors reacted to these statements by selling the US currency. In the near future, traders will follow the development of the US-China trade conflict. It is expected that the leaders of the United States and China will be able to meet in the framework of the G20 summit, which will begin today.


The EUR/USD pair grew to the level of 1.1390. The euro is supported by yesterday's positive statistics on the labor market in Germany. Today, investors will focus on statistics on inflation and unemployment in the euro area. On an annual basis, CPI is expected to fall to 2.1% in November from 2.2% a month earlier. Unemployment rate is expected to fall to 8.0% in October from 8.1% a month earlier.


The rate of the pair GBP/USD yesterday fell to the area of 1.2768, where it is consolidating currently. The focus of investors remains on the situation with Brexit. Less than two weeks left before the vote in the British Parliament. Against the backdrop of uncertainty about the conditions of Brexit, the trading instrument will be under pressure.


The USD/JPY pair has changed insignificantly during the Asian session and is moving at 113.37. The statistics from Japan released at night turned out to be mostly negative and could not provide support to the instrument. The unemployment rate increased to 2.4% in October from 2.3% a month earlier. Tokyo Consumer Price Index reduced to 0.8% in November from 1.5% a month earlier. Industrial production rose to 2.9% in October from –0.4% a month earlier.


The AUD/USD pair rose to 0.7315 during the Asian session. Due to the absence of macroeconomic releases, the movement of the pair's exchange rate will be affected by US statistics.


Gold quotes showed a moderate positive dynamics and rose to the level of 1224.00.

Morning Market Review

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