19, September 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The dollar fell against most major currencies as traders hedged their positions ahead of the key meeting of the Federal Reserve, where the central bank announced a reduction of bond purchases.

The euro rose to $1.3535 from $1.3335 late Monday. The Australian dollar rose to $ 0.9357 from $ 0.9319. The British pound remained jumped to 1.6140.

Meanwhile, the U.S. Congressional Budget Office (CBO) warned about the continued growth of the U.S. debt and the associated risks. According to estimates of the CBO, the U.S. national debt currently stands at 73% of GDP - the highest level in the history of the country, except for the period of the Second World War. The current level of debt is twice higher than it was at the end of 2007, according to a report of management.

The increase in consumer prices in the U.S. in August slowed to 3-month low. The consumer price index (CPI) in August rose by 0.1% m / m, with growth forecast at 0.2%. The annual inflation rate slowed down (1.5% increase in forecast increase of 1.6%). Core CPI, excluding prices for food and energy - also rose by 0.1% m / m against expectations of growth of 0.2%.