The American dollar rose slightly after the data, according to which the labor productivity in the 2 nd quarter grew, while labor costs declined. The pair euro / dollar came close to the intraday minimum 1.4123. However, the Japanese yen against the U.S. currency continued to decline. It should be noted that trade is now in a fairly narrow range - the market players cautiously awaiting two key events this week. First, the decision on rates FOMC (Wednesday, 22:15 AM EDT) - Fedrezerv hardly intend to change interest rates. But investors are concerned about what would make a sudden decision after the Central Bank of England last week to increase the purchase of state. bonds by 50 billion pounds. Secondly, tomorrow the Bank of England publishes a report on inflation (Wednesday, 13:30 MSK), which may shed light on the reasons for the decision rendered by the CBR on the introduction of additional measures of quantitative easing.
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