Analysis

The pair EUR/USD dropped to 1.1313 due to the strengthening USD

US dollar has sharply strengthened against the majority of its competitors. The index of the US dollar added 0.27% in one day. Today, investors will pay attention to the publication of the Consumer Price Index in the US in November. In November, CPI is expected to fall from 2.5% to 2.2% YoY and MoM it may drop to 0.0% in November from 0.3% a month earlier. At the same time, Core CPI, which is one of the main indicators for deciding on the interest rate, is projected to rise from 2.1% to 2.2%. If the forecast proves correct, it can support USD rate.

EUR/USD

The pair EUR/USD dropped to 1.1313 due to the strengthening USD. Macroeconomic events that can affect the rate of the instrument today include data on industrial production in the euro area. On an annual basis the indicator is expected to decline to 0.7% in October from 0.9% a month earlier. On a monthly basis the indicator is expected to grow to 0.2% in October from –0.3% a month earlier.

GBP/USD

Quotes of GBP/USD went down to 1.2515 under pressure of the strengthening USD. The negotiations on Brexit remain the focus of investors' attention. Theresa May postponed a vote in the UK Parliament on a deal with the EU for an indefinite period. The time until the next vote is planned to be used to solve the Irish border issue. Meanwhile, MPs from the Conservative Party are discussing the possibility of a vote of no-confidence in the Prime Minister.

USD/JPY

The pair USD/JPY shows positive dynamics as it rose to 113.47 during the Asian session. Due to the absence of important releases in Japan, the movement of the instrument is technical.

AUD/USD

Quotations of the pair AUD/USD have changed slightly and are traded at 0.7209 at the backdrop of the absence of macroeconomic releases.

Gold

Gold quotations rose to 1244.00 during Asian trading. Today, investors will pay attention to statistics on inflation in the US. In the case of the implementation of forecasts, gold may fall under pressure.

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