Data
09:00 Eurozone Industrial production, (MoM) February 0.0% +0.3% +0.2%
09:00 Eurozone Industrial Production (YoY) February +1.6% +1.7% +1.7%
The euro fell against the dollar , helped by dovish comments from the ECB. European Central Bank President Mario Draghi said that a further increase in the exchange rate will cause a further easing of monetary policy by the ECB. "Strengthening the exchange rate requires further monetary stimulus . This is an important aspect for our price stability " - Draghi said at a press conference during the meetings of the International Monetary Fund . In addition , he stressed that in recent weeks, the euro has a strong upward pressure on inflation , and said that the course is an increasingly important factor in assessing price trends by the ECB .
Little influenced by the data for the euro area . In Statistical Office , Eurostat reported that industrial production in the euro area rose by 0.2 percent compared with the same value in January ( revised from -0.2 percent). Experts predicted that this figure will increase by 0.3 percent. Compared with the same period last year , the volume of industrial production increased by 1.7 percent in February , and confirmed the expectations of analysts . Meanwhile, adding that growth in January was revised up to 1.6 percent from 2.1 percent.
The dollar also strengthened in anticipation of today's publication of a report on retail sales in the United States . According to the median forecast of economists rate last month may rise polutoraletnemu maximum and grow , according to the Ministry of Commerce, by 0.9 % against 0.3% growth in February.
Pound fell slightly against the dollar , reaching minimum values for nearly a week . Impact on the dynamics of data on Britain. As it became known , house prices in Britain have risen markedly in April , reaching a new record at this level for the second month , which was due to lack of supply of objects for sale and availability of mortgage credit. Experts point out that this combination will be for some time to provide upward pressure on prices. This was stated in the report of the real estate agency Rightmove. According to the index house prices rose in April by 2.6% , against the background of what the average price increased by 6,632 pounds - up to 262,594 pounds. This is 7.3 percent higher than in April 2013. We also add that the annual price growth was the highest since October 2007 . Recall that in March, prices rose 1.6 % on a monthly basis and by 6.8 % per annum. Studies have also shown that the average price of real estate in London reached a new record of 572,348 pounds, 19,818 pounds higher than in March.
EUR / USD: during the European session after significant fluctuations fell to $ 1.3815
GBP / USD: during the European session, the pair fell to $ 1.6706
USD / JPY: during the European session, the pair dropped to Y101.40, but then rose to Y101.80
At 12:30 GMT the United States to declare changes in retail sales for March, and 14:00 GMT - the change of volume of stocks in commercial warehouses for February. At 23:01 GMT UK release BRC Retail Sales Monitor for March.