During the European session the U.S. dollar generally declined against the background of weakening demand for currency created after the data on the level of employment in July, which were better than forecasts, and the subsequent cover short positions. However, currency analysts Brown Brothers Harriman noted that this general decline in demand, there are three exceptions: first, the weakening of the pound is an independent factor, as market participants expect the encouraging quarterly report on inflation, a publication which will be held tomorrow at 13:30 AM EDT , secondly, the Canadian dollar continues to demonstrate not so good results, and, thirdly, the overall decline in the U.S. dollar does not apply to emerging markets, where the steady strengthening.
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