Data
02:30 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%
02:30 Japan Bank of Japan Monetary Base Target 270 270
02:30 Japan BoJ Monetary Policy Statement
06:00 Germany Producer Price Index (MoM) August -0.1% +0.1% -0.1%
06:00 Germany Producer Price Index (YoY) September +0.5% 0.0% -0.5%
07:30 Japan BOJ Press Conference
09:00 Eurozone Producer Price Index, MoM August +0.2% +0.1% 0.0%
09:00 Eurozone Producer Price Index (YoY) August +0.0% -0.5% -0.8%
The dollar rose significantly against the euro, which was partly due to the release of weak data for the euro area .
According to the report , on an annual basis the August producer price index fell 0.8 %, which was followed after zero growth in the previous month . It should be noted that according to many experts, the value of this indicator was down by only 0.5 %.
Meanwhile, data showed that energy prices fell by 3.3% , while the cost of intermediate goods fell by 1%. This decrease was partially offset by a 0.6 per cent increase in the prices of capital goods and consumer durables. Add that the cost of non-durable consumer goods increased by 2%.
In addition, it was reported that on a monthly basis the producer price index was unchanged in August, which was followed , after rising 0.2 % in July , which was revised down from 0.3 %. It was expected within a month the price index will rise by 0.1 %.
Note also that due to the partial suspension of operation of the government today are expected economic releases from the U.S., and speeches by the Fed Dudley Kocherlakoty and Stein will be the center of attention.
Analysts expect that the patience of investors may end if the government is not going to work more than a week , and the deadline for a decision on increasing the U.S. debt limit will approach . Earlier, the U.S. Treasury Secretary Liu said that the provision of borrowing must be exhausted by October 17.
The inability to raise borrowing limit could damage not only the U.S. but also the world economy - said the director of the IMF , Christine Lagarde .
Republican House Speaker John Boehner said he intends to avoid government default . The representative with a total Bonera , he always said that the country should not allow a default on the debt, but not in the House of Representatives votes to approve the increase in the debt limit without conditions .
The pound has fallen against the dollar, after touching a nine-month high this week, amid speculation that the recovery of the UK economy is not strong enough to ensure a speedy increase in interest rates. Note that today, analysts Bank of America Merrill Lynch said that the last increase was restrained.
In addition to the trading dynamics influenced by the fact that next week will be a meeting of the Bank of England policy makers . According to the forecasts they will leave interest rates at record lows least until unemployment falls to 7 percent. Recall that the unemployment rate was at around 7.7 % in the second quarter.
"We will not think about raising interest rates or tightening of monetary policy , we do not see the conditions in the economy when the economy is really growing , " - said the head of the central bank Governor Mark Carney . The Bank of England will keep its key interest rate unchanged at 0.5 % , and that the level of asset purchases at 375 billion pounds at a meeting on September 10.
EUR / USD: during the European session, the pair fell to $ 1.3580
GBP / USD: during the European session, the pair fell to $ 1.6029
USD / JPY: during the European session, the pair climbed traded in a small range - Y96.94-Y97.30
13:15 GMT In an address by a member of the Federal Open Market W. Dudley , and 13:30 GMT - a member of the Federal Open Market Committee Federal Reserve Jeremy Stein . In Canada at 14:00 GMT release of the Ivey PMI index for September.