• European session: the dollar rose to its strongest level in almost three weeks against the euro

Market news

3 January 2013

European session: the dollar rose to its strongest level in almost three weeks against the euro

07:00United Kingdom Nationwide house price indexDecember 0.0%+0.1%-0.1%

07:00United Kingdom Nationwide house price index, y/yDecember -1.2%-1.0%-1.0%

08:00Switzerland KOF Leading IndicatorDecember 1.501.391.28

08:30Switzerland Manufacturing PMIDecember 48.548.749.5

08:55Germany Unemployment ChangeDecember 5113

08:55Germany Unemployment Rate s.a.December 6.9%6.9%6.9%

09:00Eurozone M3 money supply, adjusted y/yNovember +3.9%+3.8%+3.8%

09:30United Kingdom PMI ConstructionDecember 49.349.648.7

09:30United Kingdom BOE Credit Conditions SurveyIV quarter

The dollar rose to its strongest level in almost three weeks against the euro on speculation U.S. policy makers will struggle to reach agreement on raising the nation’s debt limit, underpinning demand for the safest assets.

Japan’s yen appreciated at least 0.3 percent against all its 16 major counterparts amid concern the U.S. Treasury will exhaust what it called “extraordinary” measures to keep funding the government by late February or early March after the nation hit its $16.4 trillion debt ceiling on Dec. 31. The IMF said in a statement yesterday that “the economic recovery would have been derailed” without the action by the U.S. Congress.

The pound declined against the dollar as a report showed house prices fell last month, signaling the U.K.’s economic recovery will be slow. The average cost of a home in Britain slipped 0.1 percent in December, Nationwide Building Society said today. The median prediction was for prices to remain unchanged. The pound dropped 0.6 percent to $1.6151, after reaching $1.6381 yesterday, the strongest level since Aug. 30, 2011.


EUR / USD: during the European session the pair fell to a new intraday low of $ 1.3093

GBP / USD: during the European session the pair fell to a new intraday low of $ 1.6144

USD / JPY: during the European session the pair fell to a new intraday low of Y86.80

At 13:15 GMT the U.S. will change in the number of employees from ADP for December at 13:30 GMT - the number of initial claims for unemployment insurance, the number of repeated applications for unemployment benefits. At 19:00 GMT will be publication of the minutes of the Fed meeting. At 21:30 GMT the United States will change in the volume of crude oil, according to API. Finish the day at 22:30 GMT Australia data on the index of activity in the service sector of the AiG in December.

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.