Mild pressure - this is how Secretary of State Rex Tillerson described the foreign policy towards North Korea. The latest missile tests conducted by Kim Jong-un no longer guarantee a significant impact on markets and the dollar rate. The US will continue to try to resolve this conflict exclusively by peaceful means, by applying sanctions through international organizations.
After the maket open the US dollar showed a slight increase. Relative to the Japanese yen, it was fixed above the level at 111.00 and at the moment the USD/JPY pair is trading at 111.38, which is even higher than the price reached on Friday (111.32).
Around September 19-20 we are expecting a meeting of the Federal Reserve, who will once again consider the possibility of changing interest rates and assess the costs of eliminating the consequences of the hurricanes Harvey and Irma, which may affect the level of inflation.
The sharp rise of the British Pound at the end of last week, against expectations of interest rate hikes, stopped. The pound reaching 1.3616 USD began to return to 1.3550.
Bitcoin's exchange rate is back to $4,000, after a sharp fall, amid China's statements that cryptocurrencies are fraud and have banned Bitcoin's turnover in the country.
Today we expect the release of the consumer price index in the Eurozone at 12.00 (GMT +3), and the speech of the head of the Bank of England at 18.00 (GMT +3).
During the news release the market is expected to be more active.
