The euro continued to decline against the dollar after the release of inflation statistics in the eurozone: the current quote of the EUR/USD pair is 1.0844.
At the same time, the dollar/yen exchange rate is declining to 145.91 yen from 146.24 yen. And the dollar index (the exchange rate against a basket of currencies of six US trading partner countries) is growing by 0.35%, to 103.51 points.
According to a preliminary estimate, annual inflation in the eurozone did not change at the end of August and remained at the level of 5.3% last month. At the same time, analysts expected a slowdown to 5.1%.
Before that, inflation had been declining for three months in a row, and the European Central Bank at its last meeting in July raised the refinancing rate to 4.25%, thus repeating its historical maximum.
Now tomorrow's data on the US labor market (Non-farm payrolls) will have an impact on the market. Analysts suggest that unemployment in August remained at 3.5%, and the number of people employed in non-agricultural sectors of the economy increased by 170 thousand.
The Non-farm Payrolls report is important for the US Federal Reserve, whose meeting will take place in September. According to CME Group, 88.5% of analysts expect that the regulator will not raise the discount rate and will leave it at the current level of 5.25-5.5%.
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