• European session: the dollar rose

Market news

28 August 2013

European session: the dollar rose

06:00 Germany Gfk Consumer Confidence Survey September 7.0 7.1 6.9

06:00 Switzerland UBS Consumption Indicator July 1.44 1.41

08:00 Eurozone Private Loans, Y/Y July -1.6% -1.5% -1.9%

08:00 Eurozone M3 money supply, adjusted y/y July +2.3% +2.0% +2.2%

10:00 United Kingdom CBI retail sales volume balance August 17 20 27

11:45 United Kingdom BOE Gov Mark Carney Speaks


The dollar strengthened on risk aversion on concerns the beginning of full-scale military operation of the forces of Western countries in Syria. NBC television quoted an unnamed representative of the U.S. government reported that air strikes on Syria may be applied as early as Thursday. U.S. Defense Secretary Chuck Heygel the BBC said that the materials that are currently being collected by the UN inspectors, certainly confirm that in the chemical attack that had a place in the last week, the Syrian government is responsible.

Euro lower against the U.S. dollar against the data on the index of consumer confidence in Germany. The mood among German consumers declined slightly in September after reaching a six-year high in August, as households expect that the recovery will be sluggish in the coming months, the report showed research institute GfK on Wednesday. Prognostic indicator of consumer confidence in September fell to 6.9 with six-year high in August 7. Economists had expected the index to increase 7.1.

The pound traded near a three-week low against the euro ahead of today's speech by Bank of England Governor Mark Carney. This will be the first performance Carney as Chairman of the Central Bank of England, which he took from July 1, 2012. Most analysts expect the Bank of England will lead the arguments in favor of maintaining the interest rate and the asset purchase program unchanged, despite signs of recovery in economic growth in the UK. Recall that the next meeting of the committee on monetary policy of the Central Bank will be held on September 5. On the same day, and will meet the European Central Bank.

The British pound fell against the dollar, despite the favorable results of a survey of the Confederation of British Industry (CBI), according to which the volume of retail sales is at its highest level since 2012.


EUR / USD: during the European session, the pair fell to $ 1.3335


GBP / USD: during the European session, the pair fell to $ 1.5447

USD / JPY: during the European session, the pair rose to Y97.53

At 14:00 GMT the United States will change the volume of pending home sales for July. At 23:50 GMT Japan will release the change in the volume of retail trade in July.

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