The American Dollar amid the absence of macroeconomic releases yesterday slightly strengthened against most of its rivals except the British Pound. Today market participants are waiting for Fed Chair Janet Yellen speech (5:00 pm GMT+2). Investors are hoping to hear some tips about further monetary policy tightening at the regulator’s March meeting.
The EUR/USD fell by 0.28% and at its lowest point reached 3-week lows at 1.0590.
The GBP/USD pair after yesterday’s session was amongst the leaders of growth having added 0.38%. Today market participants will pay attention to data on the consumer price index from the UK (11:30 am GMT+2). On a year-to-year basis, in January the index is forecasted to grow to 1.9%, up from 1.6% in the previous month. The forecast realisation could support the GBP/USD pair.
The USD/JPY pair did not manage to consolidate yesterday above the level of 114.00. Upon the day, the pair showed a small increase (0.11%).
The AUD/USD pair yesterday fell by 0.49% but during today’s morning session managed to recover all losses and even showed some gains. The pair was supported by positive statistics on NBA business conditions in Australia and data on inflation in China – one of Australia’s biggest trading partners.
The price of gold kept falling amid a strengthening in the US Dollar. Upon the session, its fall amounted to 0.55%.
Oil prices are correcting after their recent growth that was caused by positive expectations of a stabilisation in oil supply across the world. On Monday, WTI fell by 1.51%. Brent showed a decline of 1.49%.
The American stock markets continue growing, reaching new records. Upon the yesterday session, the Dow Jones rose by 0.7% to 20423.3 points. The Nasdaq Composite strengthened by 0.25% having reached 5763.95 points. The S&P 500 grew by 0.52% to 2328.26.
The European stock market also closed in green. The British FTSE 100 rose by 0.3%. The German DAX added 0.9% while the French CAC – 1.2%.
The Asian Nikkei 225 fell by 1.07% as the result of negative figures from companies in water supply, gas and property sectors.