The last day of summer, the focus of market participants focused on the currency pair dollar /yen. After becoming the only currency, commits an absolute positive result with the prospect of further growth, the Japanese yen earlier in the week used by investors as the currency-seekers, mainly from the volatility of stock markets and weakening of higher-yielding instruments. Nevertheless, even yielding Japanese opponent several positions, in particular, opened on Monday decrease (at 92.98 against the closure Friday 93.64), facilitated by the political situation in the country (the Democratic Party of Japan, as expected, won the last elections), the dollar did not lose the benefits achieved in the treatment of other rivals and retained the overall lead.

However, after the start of trading in the U.S. due to release economic data, according to which the Chicago PMI manufacturing index in August rose to 50.0, more than economists had expected, the U.S. currency started to weaken again, and, along with the yen, has lost its status currency-seekers.

For others benefit from it managed the euro, which on the background of positive news on Monday managed to gain a foothold on the level of 1.4340. Do not stay aside and sterling, while it strengthened against the dollar and does not seem so great (pound, pushing on the support of 1.6200, slightly below the figure entrenched 1.6300).

Swiss franc on Monday strengthened the dollar less than the other competitors: the opening of 1.0607 followed by the closure in the area of 1.0585.

Forecast for Tuesday, September 1

From news stands on Tuesday to draw attention to the following data: Bank of Australia decision on the basic interest rate (according to the forecast rate will remain unchanged at 3.00%), the change in volume of retail trade in Germany, the eurozone unemployment rate, ISM manufacturing index in the U.S. as well as the change in volume of unfinished transactions involving the sale of housing in the United States.

Regarding range of motion of the major currency pairs, projected the following intervals: for a pair euro /dollar - 1,4300-1,4450, for a pair of pound /dollar - 1,6200-1,6400, for a pair of dollar /yen -- 92,50-94,00, for the pair dollar /franc - 1,0500-1,0650.

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