Inflation in the U.S. reached its lowest value for 2 years. According to the data published yesterday by the Labor Department of the country, in April it was below the forecasts, amounting to 4.9% in annual terms against the expected 5%.

Against this background the dollar showed negative dynamics as a slowdown in inflation allows us to expect further softening of the policy of the Federal Reserve regarding the key rate. Gold fell in price, losing 0.35% last night and trading at $2035.70 per troy ounce.

However, according to Oanda analyst Edward Moya, investors are still not confident in the Fed's further actions, which is aimed to bring down inflation to 2%: it is impossible to predict how much time the regulator will need to achieve its goal. Prime news agency quotes the expert's point of view.

Oil prices on Wednesday fell within 2% after the publication of data on commercial reserves in the United States - the latter unexpectedly rose by 3 million barrels, while analysts expected their decline by 0.9 million.