31 July: American session
Tatiana Norkina, an analyst at FBS
The index of the dollar with session opening subsided a little, but is still in green zone, adding about 0.05%. The reason of the decline was disappointing data on the labor market. The number of applications for unemployment benefits over the past week has grown to 302 thousand, while analysts had forecast an increase to only 301 thousand. US stock markets opened with significant decrease by more than 0.80%.
In currency markets, meanwhile calm prevails. After a strong strengthening of the U.S. dollar in recent days, the pair consolidated on the important levels. Thus, the EUR / USD pair stays above 1.3370 after morning testing of the 1.3400 figure, the GBP / USD continues to decline again, creating a new low of 1.6860. The USD / CHF currency pair was reduced to the 0.9075 support after another attempt to break through the figure of 0.9100 and USD / JPY is trying to storm yesterday's highs just below the 103.00 figure.