• European session: dollar strengthened

Market news

20 August 2012

European session: dollar strengthened

Data

05:00 Japan Leading Economic Index June 92.6 93.2

05:00 Japan Coincident Index June 93.8 94.1

09:00 Eurozone Construction Output, m/m June +0.1% -0.5%

09:00 Eurozone Construction Output, y/y June -8.4% -2.8%


The euro fell against the dollar after Germany's Bundesbank criticized suggestions that the European Central Bank should buy government bonds to quell the debt crisis in the region.

The single currency fell from six-week high against the yen and fell against most major currencies against the comments of the bank.

Also on momentum trading slightly affect the data on changes in the volume of construction in the euro area, which declined in July.

The euro rose after the magazine Spiegel reported that the ECB's Governing Council is considering installing a limited return on bonds Euroregion.

Australian dollar and novozelandsky Dolar rose as stock earnings boosted demand for higher-yielding assets.

Pound showed steady growth during the session, but fell sharply on the comments Bundesbank.


EUR/USD: in the course of trade, the pair set a high at $ 1.2370 and then fell sharply, by updating the minimum session

GBP/USD: the pair grown by almost half figures, but could not hold his position and fell to the opening level of the day

USD/JPY: the course in mid-session trading in a narrow range with a slight decline


At 12:30 GMT the U.S. will index of economic activity from the Federal Reserve Bank of Chicago in July. Also today, the auction will be held at the following debt securities: France will host the 3, 6-and 12-month bonds, offering results will be known in the 13:00 GMT; U.S. will sell 3-and 6-month bonds the results will be known in 15:30 GMT.

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