05:45 Switzerland Unemployment Rate August 3.0% 3.0% 3.2%
06:00 Japan Eco Watchers Survey: Current August 52.3 53.8 51.2
06:00 Japan Eco Watchers Survey: Outlook August 53.6 51.2
07:15 Switzerland Retail Sales Y/Y July +2.3% +3.2% +0.8%
08:30 Eurozone Sentix Investor Confidence September -4.9 -4.0 +6.5
The euro strengthened against the U.S. dollar . After 26 months of negative performance index of confidence of European investors Sentix jumped in August to around 6.5 -4.9 against the July results . Analysts had expected growth to only -4.0 .
The yen rose against the dollar and the euro after a report by Japan's GDP for the second quarter of 2013, which increased by 3.8 % compared to the second quarter of 2012. Previously reported increase of GDP in the April-June by 2.6 %, after 4.1% in January- March. Analysts had expected a more significant revision - to 3.9 %. Evaluation of nominal GDP in the 2nd quarter compared to the 1st quarter without converting to an annual rate improved from 0.7 % to 0.9 %. The Cabinet expects economic growth of 2.8% in the current financial year ending 31 March 2014.
The Australian dollar hit a three-week high after the trade surplus of China in August 2013 increased by 60.1 % to $ 28.5 billion from $ 17.8 billion in July. Index reached its highest level since January. China's export growth continues to gain momentum , the growth in August was 7.2 % compared to the same period last year. In July, exports rose by 5.1 %, while the rate in June fell by 3.1 %. The import of the previous month increased by 7 % in annual terms , while in July, an increase of 10.9%. The overall picture shows that the Chinese economy benefits from the gradual strengthening of demand in the U.S. and other major export markets. China also continues to stock raw materials for the industrial sector.
EUR / USD: during the European session, the pair rose to $ 1.3198
GBP / USD: during the European session, the pair rose to $ 1.5685
USD / JPY: during the European session, the pair fell to Y99.33
At 12:30 GMT Canada will report on changes in the volume of building permits issued in July. At 23:01 GMT Britain will publish house price balance of the RICS in August. At 23:50 GMT the meeting minutes will be published on the Bank of Japan's monetary policy , Japan will release the index of activity in the services sector in July.