Asian and European trading sessions:
Euro:The euro exchange rate fell slightly against the dollar after the data on manufacturing activity in the euro area came out weaker than economists' expectations. However, the Purchasing Managers 'Index rose primarily due to improved activity in the services sector. The production index rose in September more than expected to a 27- month high of 52.1 compared with 51.5 in August, while the economists had expected a rise to 51.7. The index of purchasing managers in the services sector reached 52.1 compared with 50.7 in August. Activity in the services sector rose a second month in a row and expanded at the fastest pace since June 2011. Meanwhile, the index of manufacturing activity fell to 51.1 in September from 51.4 in August, yet industrial production increased for the third consecutive month. The EUR / USD pair fell to $ 1.350 area during the European session.
U.S. Dollar: The dollar was higher today against all currencies excluding the yen ahead of today's speech, the president Federal Reserve Bank of New York and Atlanta Fed Dudley Dennis Lockhart. Recall that last week, the Fed unexpectedly refrained from lowering monthly asset purchases, saying that more signs of sustainable recovery of the labor market.
Australian Dollar: The Australian dollar rose after today's publication of the preliminary data of the manufacturing index from HSBC PMI on China’s economy. This month the index rose to 51.2, from 50.1 in August, while analysts had expected growth of only 50.9.
American trading session:
U.S. Dollar: The little pressure on the U.S. dollar had data on the index of business activity in the industry. The index of manufacturing activity in the U.S. PMI Markit weakened to 52.8 versus 54.2 and 53.1 which was its previous result. The decrease was primarily due to a reduction in new orders, including export, as well as the deterioration of the employment situation.
Japanese Yen: Against the background of the fact that the U.S. Treasuries rose and their yields fell on discussing the Fed's rate of economic growth, the yen rose against most major currencies. The yield on 10-year bonds fell by 1 basis point to 2.726 %. The yield on 30 -year bonds also fell by 1 basis point to 3.755 %, and 5 - year securities - 1.5 basis points to 1.469 %. The speeches by leaders of the Fed after the decision of keeping the asset purchase program again raised the question of when the Fed is ready to stop easy monetary policy.
The USD / JPY pair fell to Y98.80 during the session.
Gold: The cost of October gold futures dropped to $ 1327.60 per ounce on the COMEX today expanding the losses of the previous session. Many investors continued to weigh the Fed's comments with regard to stimulus.
Oil: The cost of the WTI November futures fell to $ 103.44 a barrel on the NYMEX. The oil prices fell markedly, as the higher the volume of production in Iraq and a possible improvement in US- Iranian relations have improved the outlook for oil supply.
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