• European session: the dollar fell

Noticias del mercado

27 septiembre 2013

European session: the dollar fell

06:00 United Kingdom Nationwide house price index September +0.7% Revised From +0.6% +0.5% +0.9%

06:00 United Kingdom Nationwide house price index, y/y September +3.5% +4.4% +5.0%

06:45 France Consumer spending July -0.8% +0.3% +0.5%

06:45 France Consumer spending, y/y July -0.5% -0.2% +0.4%

06:45 France GDP, q/q (Finally) Quarter II +0.5% +0.5% +0.5%

06:45 France GDP, Y/Y (Finally) Quarter II +0.3% +0.3% +0.4%

07:00 Switzerland KOF Leading Indicator September 1.37 Revised From 1.36 1.46 1.53

09:00 Eurozone ECB President Mario Draghi Speaks

09:00 Eurozone Business climate indicator September -0.21 -0.09 -0.2

09:00 Eurozone Economic sentiment index September 95.2 95.9 96.9

09:00 Eurozone Industrial confidence September -7.8 Revised From -7.9 -7.0 -6.7

09:45 U.S. FOMC Member Charles Evans Speaks

12:00 Germany CPI, m/m (Preliminary) September 0.0% 0.0% 0.0%

12:00 Germany CPI, y/y (Preliminary) September +1.5% +1.5% +1.4%


Тhe euro rose against the dollar amid evidence of improving sentiment in the euro-zone economy . Consumers and companies from 17 countries in the euro area September less pessimistic than in the past two years. This indicates that economic growth in the eurozone is likely to continue in the coming months . On Friday, the European Commission reported that the leading index of economic sentiment in the euro area in September rose to 96.9 from 95.3 in August , its highest level since August 2011 . This index is calculated on the basis of surveys of companies and consumers in the region . Along with recent surveys of purchasing managers , the index indicates that economic growth in the euro area continued in the 3rd quarter. If the growth will be sustained confidence , it will increase the cost of consumers and companies. However, the index of sentiment in the economy remains below the average for the period since 1990, which is 100 .

Also contributed to the strengthening of the euro Fed's Evans' comments that the current level of economic activity is not justified folding , is necessary to increase confidence. The head of the Chicago Fed and FOMC voting member Charles Evans said that "the policy of transparency ," the Fed helped to stimulate economic growth.

The British pound rose against the dollar after the Bank of England Governor Mark Carney said in an interview Yorkshire Post, that he does not consider it necessary to further stimulate the British economy, as the recovery is clearly gaining momentum. The Bank of England has pumped into the economy 375 billion pounds, and Carney believes that in the current situation it is enough. Recovery of the British economy is supported by the improvement of the euro area and the global economy, and the best way will be to maintain further stimulate job growth, said the head of the Central Bank, adding that " at the moment Britain is probably the leader among the major developed economies." Carney also pointed to the recently introduced policy of transparent communication , stating that " it is the policy for the country as a whole, companies and households understand that we are not going to raise rates as long as the economy begins to show real growth ."

The yen strengthened against all major currencies as investors buy safe-haven assets amid ongoing talks in Washington on the upper limit of public debt. Congress must reach an agreement on the federal budget for the following Monday , otherwise the government will stop working . A separate agreement to raise the national debt ceiling has to be taken to the middle of October , or the Ministry of Finance may be faced with the necessity of defaulting on the national debt .


EUR / USD: during the European session, the pair rose to $ 1.3545


GBP / USD: during the European session, the pair rose to $ 1.6132

USD / JPY: during the European session, the pair fell to Y98.38


U.S. at 12:30 GMT will publish the main index for personal consumption expenditures , changes in the level of spending, deflator of personal consumption expenditures for August, at 13:55 GMT - an indicator of consumer confidence from the University of Michigan in September.

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