• European session: the euro rose

Market news

29 March 2013

European session: the euro rose

07:45 France Consumer spending February -0.9% +0.3% -0.2%

07:45 France Consumer spending, y/y February -0.2% +2.0% -2.9%


Euro regained incurred losses early in the session and returned to the area of ​​the opening day. Since the main financial area of ​​Europe and America are closed today in observance of Good Friday, trading is in quiet mode.

Published data on consumer spending in France and the producer price index in France and Germany, which had no significant effect on the single currency.

The pressure on the single currency continues to political uncertainty in Italy. Italy's center-left party leader Pier Luigi Bersani, who last week by President Giorgio Napolitano was asked to form a government, said on Thursday that he could not do it. President George Napolitano said that "immediately" to consider other options of forming a new government. This may mean that in the near future prime minister will still be appointed. During the day, Napolitano intends to hold a series of consultations on the matter with party leaders

Yen falls sixth month in a row against the dollar and is ready to show the longest string of monthly loss in more than a decade at a time when the prospects for a protracted deflation will force the new head of the Bank of Japan Haruhiko Kuroda introduce strong measures to support the economy at its next meeting on April 3-4.

Today also published a report on the consumer price index in Japan, which fell in February 4th straight month amid a sharp decrease in the cost of consumer electronics. Drop in the index CPI excluding fresh food prices by 0.3% on an annualized basis, the average expected decrease of 0.4%.


EUR / USD: during the European session the pair fell to a new low of $ 1.2792 and then recovered in the area of ​​$ 1.2820


GBP / USD: during the European session the pair fell to a new low of $ 1.5176 and then recovered in the area of ​​$ 1.5200

USD / JPY: during the European session, the pair is trading in the range of Y93.93 - Y94.15


At 12:30 GMT the U.S. will release the main index for personal consumption expenditures index-deflator of personal consumption expenditures, changes in the level of spending for February. At 20:00 GMT, Canada will present the annual budget. At 21:00 GMT the report will be made on the currency of the U.S. Treasury.

U.S., Britain, Canada, Australia, Germany, New Zealand, France celebrate Good Friday (Good Friday).


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