• European session: the euro rose

Market news

14 September 2012

European session: the euro rose

 

 

Data
09:00 Eurozone Harmonized CPI August -0.5% +0.4% +0.4%
09:00 Eurozone Harmonized CPI, Y/Y  (finally) August +2.6% +2.6% +2.6%
09:00 Eurozone Harmonized CPI ex EFAT, Y/Y August +1.7% +1.7% +1.5%
09:00 Eurozone ECOFIN Meetings -

The dollar slid to a four-month low against the euro on Federal Reserve Chairman Ben S. Bernanke’s plan to conduct open-ended monetary easing, a process that tends to debase the U.S. currency.
The Fed said it will expand its holdings of long-term securities with open-ended purchases of $40 billion a month of mortgage debt in a third round of quantitative easing. The U.S. central bank will continue buying assets, undertake additional purchases and employ other policy tools as appropriate “if the outlook for the labor market does not improve substantially,” the Federal Open Market Committee said yesterday in a statement.
The euro was set for the longest stretch of weekly gains against the yen since 2009 after comments by Finance Minister Jun Azumi signaled he’s ready to intervene to weaken the currency.
The Australian dollar rose to a month high against the U.S. dollar.

EUR / USD: during the European session, the pair rose to $ 1.3122
GBP / USD: the pair grown, reaching a high of $ 1.6250
USD / JPY: the pair rose to the level of 78.23

At 12:30 GMT in Canada will change in the volume of production deliveries in July. Data on inflation and retail sales in the United States will at 12:30 GMT. At 13:15 GMT the U.S. will capacity utilization rate and the change in industrial production for August, at 13:55 GMT - the index of consumer sentiment from the University of Michigan in September, at 14:00 GMT - the change in stocks in commercial warehouses in July.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.