The euro rose to a six-week high against the dollar and the yen ahead of the meeting of regional leaders this week, which will meet to discuss their progress in the fight against the financial crisis.

The single currency continued its two-day rise after Germany reported a possible concessions to Greece. Also on the rise of the currency influenced successfully conducted auction of treasury bills in Spain. It is learned that Spain has placed T-bills in the amount of 4.515 billion euros against the planned 3.5-4.5 billion.

The dollar to fall in anticipation of the release of data on home sales, which will be presented tomorrow. It is expected that sales rose last month.

The Australian dollar rose against the dollar after the minutes of the meeting of the Reserve Bank of Australia showed that the internal market is showing signs of recovery, despite the weakness of the global economy.

The pound fell against the euro as the UK unexpectedly announced that net borrowing state. Sector declined, while factory orders balance of the Confederation of British Industry has fallen to eight-month low in August, adding to signs that the UK economy is slowing down.

The dollar index (DXY), which tracks the greenback against six major currencies, fell 0.7 percent to 81.811 today, after falling to 81.859, which is the lowest level since July 4.

Data

01:30 Australia RBA Meeting's Minutes -

03:00 New Zealand Expected Annual Inflation 2y from now Quarter III +2.4% +2.3%

03:00 New Zealand Credit Card Spending July +4.6% +0.1%

04:30 Japan All Industry Activity Index, m/m June -0.3% +0.3% +0.2%

08:30 United Kingdom PSNB, bln July 12.1 -2.8 -1.8%

10:00 United Kingdom CBI industrial order books balance August -6 -7 -21

EUR/USD

Offers $1.2500, $1.2485, $1.2460/65, $1.2445/50

Bids $1.2360, $1.2320, $1.2305/295

GBP/USD

Offers $1.5800/10, $1.5780

Bids $1.5730/20, $1.5705/00

AUD/USD

Offers $1.0550, $1.0530, $1.0520

Bids $1.0450, $1.0425

EUR/GBP

Offers stg0.7965/70, stg0.7920, stg0.7900/05, stg0.7880/85

Bids stg0.7850, stg0.7810/00

USD/JPY

Offers Y80.20, Y80.00, Y79.80, Y79.65, Y79.45/50

Bids Y79.25/20, Y79.10, Y79.00

EUR/JPY

Offers Y99.50, Y99.20, Y99.00

Bids Y98.10, Y97.75/70, Y97.50, Y97.20

EUR/USD $1.2400, $1.2450, $1.2250

USD/JPY Y79.25, Y79.15, Y79.00

EUR/JPY Y98.00

AUD/USD $1.0350, $1.0570

NZD/USD $0.8100, $0.8150

The euro remained higher before Luxembourg Prime Minister Jean-Claude Juncker visits Greece tomorrow to discuss the country’s request for an extension to its fiscal adjustment program. Juncker, who also heads the group of euro-area finance ministers, will discuss a request by Greece’s Prime Minister Antonis Samaras for a two-year extension to the indebted nation’s fiscal adjustment program when he visits Athens. Samaras travels to Berlin and Paris on Aug. 24 and 25 after French President Francois Hollande and German Chancellor Angela Merkel meet in the German capital on Aug. 23.

The 17-nation currency headed for an advance versus most of its 16 major counterparts this month after Spain’s benchmark yields slid to a seven-week low, supporting the outlook for a bill auction today. Demand for the euro was tempered after Germany’s Bundesbank criticized European Central Bank bond buying.

Australia’s dollar climbed after minutes of the Reserve Bank’s last meeting showed that policy makers see domestic growth overshadowing a “fragile” global outlook.

Yesterday the euro fluctuated against the dollar at a time when the Bundesbank in Germany showed dissatisfaction about the plan of the European Central Bank.

The single currency rose after the Greek Foreign Minister Dimitris Avramopoulos said that his government will present the budget reports, which show that the improvement in Greece was caused by the international financial assistance.

The Australian dollar rose against all major currencies, as the demand for higher-yielding assets.

Also on the increase in value of the currency has affected the possible prospect that the ECB will try to limit bond yields.

Growth also showed the New Zealand dollar in relation to the fact that there is a chance the Federal Reserve will refrain from any further monetary stimulus, which could weaken the dollar.

Asian currencies weakened against the worsening debt crisis in Europe and the slowdown in the Chinese economy, which worsens the prospects for foreign sales in the region.

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,2345 +0,11%

GBP/USD $1,5710 +0,10%

USD/CHF Chf0,9726 -0,09%

USD/JPY Y79,48 -0,09%

EUR/JPY Y98,12 +0,01%

GBP/JPY Y124,84 +0,02%

AUD/USD $1,0441 +0,23%

NZD/USD $0,8088 +0,19%

01:30 Australia RBA Meeting's Minutes -

03:00 New Zealand Expected Annual Inflation 2y from now Quarter III +2.4%

03:00 New Zealand Credit Card Spending July +4.6%

04:30 Japan All Industry Activity Index, m/m June -0.3% +0.3%

08:30 United Kingdom PSNB, bln July 12.1 -2.8

10:00 United Kingdom CBI industrial order books balance August -6 -7

12:30 Canada Wholesale Sales, m/m June +0.9% +0.4%

18:00 U.S. FOMC meeting minutes -

23:50 Japan Adjusted Merchandise Trade Balance, bln July -300.8 -460.0