Today is quite active despite the holidays in Germany and China. In the morning, the Australian dollar was under pressure again, given a decrease in the trade surplus in August and exports contrary to forecasts. Also, data was published today on business activity in the services sector in key EU countries, as well as in the Eurozone as a whole. As it became known, business activity is declining more than expected. This is especially true about the United Kingdom, where the PMI fell to 49.5 pips in September, although forecasts expected the index to remain at 50.3 pips. In the current circumstances, investors are increasingly inclined to rely on safe assets as the dollar is also without incentives to grow.
The situation may change in the afternoon, with the publication of data on the number of applications for unemployment benefits, as well as the PMI index of business activity in the non-manufacturing sector from ISM. It should be noted that the reports received this week showed mainly a worsening of economic indicators and had a negative impact on the USD.
