• European session: the euro down

Market news

18 September 2012

European session: the euro down

Data

01:30 Australia RBA Meeting's Minutes -

02:30 Australia RBA Assist Gov Debelle Speaks -

05:45 Switzerland SECO Economic Forecasts IV quarter

08:30 United Kingdom HICP, m/m August +0.1% +0.5% +0.5%

08:30 United Kingdom HICP, Y/Y August +2.6% +2.5% +2.5%

08:30 United Kingdom HICP ex EFAT, Y/Y August +2.3% +2.2% +2.1%

08:30 United Kingdom Retail Price Index, m/m August +0.1% +0.5% +0.4%

08:30 United Kingdom Retail prices, Y/Y August +3.2% +3.0% +2.9%

08:30 United Kingdom RPI-X, Y/Y August +3.2% +3.0% +2.9%

09:00 Germany ZEW Survey - Economic Sentiment September -25.5 -19.4 -18.2

09:00 Eurozone ZEW Economic Sentiment September -21.2 -16.3 -3.8%

09:30 United Kingdom BOE Inflation Letter September


The euro continued its decline from the four-month high against the dollar and the yen after a survey showed that German investor sentiment remained negative this month amid fading optimism in resolving the debt crisis.

The single currency weakened against all but two of its 16 major counterparts as European stocks fell on fears that there may be a delay in the provision of financial resources to Spain that it needs to solve its financial problems.

The Australian dollar continued its decline yesterday after the policy stated that the strong currency has the expense of economic growth. Also, there are rumors that soon the bank may seek to lower the interest rate.

Also today it was announced that Spanish borrowing costs fell at today's auction, the first once since the European Central Bank on September 6, announced plans to buy government debt in the region to contain borrowing costs.

The yen rose against all but one of the 16 major currencies, as the central bank of Japan began its two-day meeting. Some economists predict that the Bank will announce the introduction of further measures to mitigate the monetary policy.

The Bank of Japan increased the size of the fund to buy assets such as government debt by 5 trillion yen to 45 trillion yen in July, and continued to hold the interest rate at around 0.1%, which was established in October 2010.

The Swiss franc has appreciated even after the government's expert group has cut its growth forecast for this year and next year on the background of the fact that the debt crisis in the eurozone affects the slowdown in exports.


EUR / USD: during the European session, the pair has fallen by more than half the figure, and is now trading at $ 1.3055

GBP / USD: the pair is trading in a narrow range at maximum

USD / JPY: the pair is trading without a trend and is now at Y78.63


At 12:30 GMT the United States will report on the balance of the current account balance of payments for the 2nd quarter. At 13:00 GMT, the U.S. announced on net purchases of long-term U.S. securities by foreign investors and the total net purchases of U.S. securities by foreign investors in July. At 20:30 GMT the U.S. become aware of changes in the volume of crude oil, according to the API for September. At 22:45 GMT New Zealand, there are data on the balance of the current account balance of payments against the current account deficit to GDP and Gross Domestic Product for the second quarter.

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