• Foreign exchange market. European session: the euro declined against the U.S. dollar ahead of the consumer confidence in the Eurozone

Market news

20 June 2014

Foreign exchange market. European session: the euro declined against the U.S. dollar ahead of the consumer confidence in the Eurozone

Economic calendar (GMT0):

06:00 Germany Producer Price Index (MoM) May -0.1% +0.2% -0.2%

06:00 Germany Producer Price Index (YoY) May -0.9% -0.7% -0.8%

06:35 Japan BOJ Governor Haruhiko Kuroda Speaks

08:00 Eurozone Current account, adjusted, bln April 18.8 19.4 21.5

08:30 United Kingdom PSNB, bln May 9.6 11.8 11.5

09:00 Eurozone ECOFIN Meetings

The U.S. dollar traded higher against the most major currencies. The Fed's interest decision on Wednesday still weighed on the U.S. currency. The Fed pointed out that interest rates will remain unchanged for a considerable time after the Fed's asset purchase program ends.

The euro declined against the U.S. dollar ahead of the consumer confidence in the Eurozone. Eurozone's consumer confidence should increase to -6 in June, after -7 in May.

Eurozone's current account surplus increased to 21.5 billion euros in April from 19.6 billion euros in March. March's figure was revised up from 18.8 billion dollar.

German producer price index declined 0.2% in May, missing expectations for a 0.2% rise, after a 0.1% fall in April. On a yearly basis, German producer price index dropped 0.8% in May, after a 0.9% decline in April. Analysts had expected a 0.7% fall.

The British pound traded lower against the U.S. dollar after the U.K. economic data. The U.K. public sector net borrowing increased to £11.48 billion in May, from £9.00 billion in April. April's figure was revised from £9.6 billion. Analysts had expected a rise to £11.8 billion.

The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian consumer inflation and retail sales. The consumer price index in Canada should climb 0.2% in May, after a 0.3% gain in April. The Canadian core consumer price index should increase 0.2% in May.

The retail sales in Canada should rise 0.4% in April, after a 0.1% decline in March.

EUR/USD: the currency pair declined to $1.3583

GBP/USD: the currency pair decreased to $1.7031

USD/JPY: the currency pair was up to Y102.10

The most important news that are expected (GMT0):

12:30 Canada Retail Sales, m/m April -0.1% +0.4%

12:30 Canada Retail Sales ex Autos, m/m April +0.1% +0.4%

12:30 Canada Consumer Price Index m / m May +0.3% +0.2%

12:30 Canada Consumer price index, y/y May +2.0% +2.1%

12:30 Canada Bank of Canada Consumer Price Index Core, m/m May +0.2% +0.2%

12:30 Canada Bank of Canada Consumer Price Index Core, y/y May +1.4% +1.5%

14:00 Eurozone Consumer Confidence June -7 -6

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