US dollar falls against euro

The US dollar exchange rate against other major currencies has somewhat suspended growth, and decreased against euro, while markets expect macro statistics later on September 6.

The euro exchange rate against the dollar rose to $0.9951 from the previous close of $0.9926, the dollar against the yen rose to 140.61 yen from 140.59 yen. The dollar index (the exchange rate against a basket of currencies of six countries - US trading partners) fell by 0.21%, to 109.59 points. This index the day before crossed the mark of 110 points for the first time in 20 years.

Later in the course of trading, investors expect the publication of the index of business activity in the US services sector (Services ISM). Analysts expect the index to decline in August to 55.1% from 56.7% in July.

At the same time, general support for the US currency continues to be provided by expectations around the increase of the US Federal Reserve System’s discount rate at a meeting later in September. According to the CME Group, 62% of analysts expect its increase by another 0.75 percentage points, to 3-3.25% per annum.

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