Analysis

Quotes of the pair EUR/USD decreased to 1.1383

The US dollar has strengthened sharply against most majors after the publication of the decision of the US Fed on the interest rate. As expected, yesterday the regulator raised the rate to 2.50% from 2.25%. In addition, as it became known from the follow-up statement, it is expected that next year the rate will be raised three more times. At the same time, the Fed worsened the forecast for the US economy for 2019. Investors have responded to the decision of the regulator with active purchases of US currency. Macroeconomic statistics that can affect the dollar today include data on initial jobless claims, as well as the publication of Philadelphia Fed Manufacturing Index (15:30 GMT+2).

EUR/USD

Quotes of the pair EUR/USD decreased to 1.1383 due to the strengthened USD. Today, the macroeconomic calendar of euro area lacks important releases, so the movement of the rate will depend on the news from the US.

GBP/USD

The pair GBP/USD fell to the level of 1.2612 against the backdrop of the US Fed decision to continue a gradual tightening of monetary policy. Today, investors are awaiting publication of statistics on retail sales in the UK, as well as decision of the Bank of England on the interest rate (11:30 GMT+2). It is expected that in conditions of uncertainty associated with Brexit, the rate will remain unchanged at the level of 0.75%. Retail sales, as predicted, will rise on a monthly basis to 0.3% in November from –0.5% a month earlier, and in annual terms the indicator can decrease to 1.9% in November from 2.2% a month earlier.

USD/JPY

The USD/JPY pair demonstrate negative trend during the Asian session falling to 112.03. From the statistics published the night, it became known that the Bank of Japan left the interest rate unchanged at a negative level of –0.10%. The regulator also maintained the repurchase volumes of ETF securities at 6 trillion yen, as well as commercial papers and corporate bonds at 2.2 trillion yen and 3.2 trillion yen, respectively. The Bank of Japan plans to continue its economic support program in order to achieve a target inflation rate of 2%. For this, the regulator intends to continue to increase the monetary base.

AUD/USD

The pair AUD/USD fell to the level of 0.7091 under the pressure from the general strengthening of the US currency, as well as from heterogeneous statistics on the Australian labor market, published at night. The employment rate turned out to be better than expected and rose to 37.0K in November from 32.8K a month earlier. The unemployment rate, in turn, rose to 5.1% in November from 5.0% a month earlier. Investors reacted to this news with active sales of the Australian currency.

Gold

Due to the general strengthening of USD, gold quotations decreased to 1245.15.

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