08:00 Eurozone Current account, adjusted, bln
April 25.9 15.1 19.5
08:00 Switzerland KOF Institute Economic Forecast Quarter III
08:30 United Kingdom PSNB, bln May 8.0 13.5 10.5
09:00 Eurozone ECOFIN Meetings June
The euro continues to fall against the U.S. dollar, regaining news from the Fed. Investors buy U.S. dollars after the U.S. central bank has signaled that it plans to reduce the amount of monthly purchases of bonds by the end of this year if the economy continues to improve.
Today we have published data on the euro area balance of payments, which had no material impact on the single currency. The surplus of the current account of balance of payments euro area in April fell from historic highs, but remained at a high level. The surplus of the current account deficit declined in April to 19.5 billion euros (25.7 billion dollars) against the maximum level ever of 25.9 billion euros in March. The data presented are adjusted for seasonal factors and the number of working days in each month. Trade surplus in April, the euro area reached 18.1 billion euros against 22.5 billion in March, indicating a continuing excess of exports over imports.
Dollar a week is growing against all major currencies in anticipation of the block of macroeconomic statistics in the United States, which will be released next week. June 25 U.S. Department of Commerce will present the figures on orders for durable goods, which, according to analysts, the rise in May, up 3% compared with April. Expected positive report and the real estate market. According to experts, the April housing price index from the S & P / Case-Shiller will grow by 10.6% compared with a year earlier. These may correspond to the March figures, which showed the highest growth in the last seven years.
Pound was lower against the U.S. dollar on the background data on public sector borrowing in Britain. The National Bureau of Statistics of the United Kingdom (ONS) on Friday released data that showed that the government borrowed in May, much less than expected. However, the data is improved due payments in the amount of 3.2 billion pounds ($ 4.9 billion) received from Swiss banks under the new tax treaty between the UK and Switzerland, as well as the transfer of profits from the program of bond purchases the Bank of England, which was 3.9 billion pounds. These two factors, net borrowing of the public sector, the government preferred indicator of the budget deficit in May amounted to 8.8 billion pounds. It is 6.9 billion pounds lower than in May last year. Excluding payments from Swiss banks and the transfer of the Bank of England's public sector net borrowing in May totaled 15.9 billion pounds, slightly more than in May 2012.
EUR / USD: during the European session, the pair fell to $ 1.3180, and continues to decline
GBP / USD: during
the European session, the pair fell to $ 1.5430, and continues to
decline
USD / JPY: during
the European session, the pair rose to Y98.14
At 12:30 GMT Canada will release the consumer price index, core consumer price index from the Bank of Canada in May, the change in volume of retail sales and the change in retail sales excluding auto sales for April.