The dollar rose slightly against the euro, which in part helped U.S. data, which showed that the U.S. trade deficit with other countries widened in April, as the Americans have shown interest to foreign goods, such as cars and cell phones, which outpaced the growth of exports.

The U.S. deficit in international trade of goods and services grew by 8.5% in April to $ 40 300 million from a revised $ 37.1 billion in the previous month, the Commerce Department said. The deficit increased because imports rose by $ 5.4 billion, while exports increased by only $ 2.2 billion.

Economists had expected the deficit to reach $ 41.1 billion

The report obtained further evidence that the U.S. economy is currently working on the consumer, which makes spending, buying foreign cars, clothing, medicine and other goods at higher prices in recent months. The higher cost of Americans, the more it helps to compensate for the reduction in government spending and weakness in the manufacturing sector.

Indeed, the report provided some encouraging signs for exporters, with exports of automobiles and consumer goods reached record levels, although these figures are not adjusted for inflation. However, the report found signs that the economy of Europe and Asia are weakening.

In real terms, or inflation-adjusted deficit, which economists use to measure the impact of trade on gross domestic product, increased by $ 2.9 billion to $ 47.6 billion, compared with the previous month.

The report also shows other broader trends, such as falling demand for imported oil due to several factors, such as increased domestic production and higher fuel efficiency of cars. The seasonally adjusted in April crude oil imports fell to its lowest level since November 2010.

The pound was down against the U.S. dollar, even though the published data, which showed that after six months of decline in May, the PMI index in the construction sector in Britain rose to 50.8 vs. 49.4 previously. Analysts had expected the result at 49.7. The growth of the construction of houses was the most significant in the last 26 months. Meanwhile, the latest survey pointed to a further reduction of commercial construction and civil engineering work, although in both cases the rate of decline was less than April. However, the rate of growth of new orders and was slightly weaker than the long-term average. Assessing the prospects for 12 months, three times as many construction firms (40%) expects output growth than those that are waiting for lower (13%). This indicates the improvement in business confidence since April. Nevertheless, the employment was generally unchanged. Meanwhile, the acquisition of resources decreases the twelfth consecutive month in May, although the latter decline was minimal during this period. The survey respondents indicated a significant lengthening lead times from suppliers in May. The most notable deterioration in September 2007 largely reflects the low level of reserves and the power shortage.

The Canadian dollar was down against the U.S. dollar, while the U.S. currency gained broad support after saving the Reserve Bank of Australia, its interest rate, but did not rule out further cuts to come. Australia's central bank kept the overnight rate unchanged at 2.75%, but the statement was dominated by soft tone in a statement that the proposed further cuts in policy could provide. This has weakened the Australian dollar, the U.S. dollar giving little space to get in most of the major currencies. Add the presented data showed that the U.S. trade deficit widened to $ 40.30 billion in April, the expectations of $ 41.1 billion, while the trade balance was a deficit of Canada 567,000,000

EUR/USD $1.3000, $1.3050, $1.3075, $1.3105

USD/JPY Y100.00, Y101.00

EUR/CHF Chf1.2460, Chf1.2485, Chf1.2500

AUD/USD $0.9600, $0.9700

AUD/NZD NZ$1.2000

USD/CAD C$1.0300, C$1.0400

EUR/USD

Offers $1.3140/50, $1.3100/10, $1.3090

Bids $1.3050, $1.3035/30, $1.3000/990

GBP/USD

Offers $1.5420/30, $1.5395/400, $1.5380

Bids $1.5270, $1.5260/50, $1.5230, $1.5200/190

AUD/USD

Offers $0.9840/50, $0.9820/25, $0.9800, $0.9735/40

Bids $0.9650/40, $0.9620/00, $0.9590, $0.9570/60, $0.9550/45, $0.9500

EUR/JPY

Offers Y132.50, Y132.15/20, Y132.00, Y131.50

Bids Y130.50, Y130.20, Y130.00, Y129.50

USD/JPY

Offers Y101.50, Y101.25/30, Y100.95/00, Y100.60, Y100.40/50

Bids Y99.85/80, Y99.50, Y99.20/10, Y99.00

EUR/GBP

Offers stg0.8650/60, stg0.8620, stg0.8595/600, stg0.8575/80, stg0.8560/65

Bids stg0.8505/00, stg0.8475/70, stg0.8445/40

Producer prices in the euro area declined in April, and the rate of fall matched economists' forecast, latest data showed Tuesday.

The producer price index decreased 0.2 percent on an annual basis in April, in line with economists' expectations. In March, prices increased by 0.6 percent, after being revised down from 0.7 percent.

Driving the overall decline, prices in the energy sector decreased by 2 percent, and intermediate goods prices dropped 0.3 percent from a year earlier.

These contractions were partially offset by increases of 0.7 percent and 1.9 percent respectively in prices of durable consumer goods and non-durable consumer goods. Capital goods prices were higher by 0.6 percent than in April 2012.

Among the member states, the largest decreases were recorded in Greece, Poland, Sweden and the Netherlands. Meanwhile, Estonia, Romania, Belgium and Latvia logged the highest increases.

Producer prices dropped 0.6 percent compared to March 2013, when they recorded a 0.2 percent fall. The index was forecast to decline 0.2 percent month-on-month.

Activity in the British construction sector rebounded moderately in May, supported by strong residential building activity, data from a survey by Markit Economics and the Chartered Institute of Purchasing and Logistics (CIPS) showed Tuesday. Economists had forecast the sector to remain in contraction.

The seasonally adjusted purchasing mangers' index (PMI) for the construction sector rose to 50.8 in May from 49.4 in April, and hit the highest level since October 2012. Economists had forecast a more modest increase to 49.8. Reading above 50 indicate expansion, while those below suggest decline.

Driving the turnaround, residential building activity increased in May at the fastest pace in more than two years Meanwhile, commercial construction and civil engineering activity recorded further contractions, though at slower rates compared to April.

New orders received by construction firms increased for the first time in one year. Reflecting the upturn in new work, production also increased for the first time since October 2012.

Employment levels in the sector were broadly unchanged during the month. Input costs increased for the fortieth successive month amid cost burdens from rising energy prices.

At the same time, confidence among entrepreneurs in the construction sector improved in May, with the majority of them anticipating a rise in output over the next twelve months.

EUR/USD $1.2950, $1.2960, $1.3000, $1.3050, $1.3075, $1.3105

USD/JPY Y100.00, Y101.00, Y102.00

EUR/CHF Chf1.2460, Chf1.2485, Chf1.2500, Chf1.2600

AUD/USD $0.9550, $0.9600, $0.9700

AUD/NZD NZ$1.2000

USD/CAD C$1.0300, C$1.0400

00:25 Canada Gov Council Member Lane Speaks

01:30 Australia Current Account, bln Quarter I -14.7 -8.9 -8.5

01:30 Japan Labor Cash Earnings, YoY April -0.6% +0.6% +0.3%

02:15 Canada Gov Council Member Lane Speaks

04:30 Australia Announcement of the RBA decision on the discount rate 2.75% 2.75% 2.75%

04:30 Australia RBA Rate Statement

The Dollar Index reached an almost one-month low yesterday after a report showed U.S. manufacturing contracted in May at the fastest pace in four years. The Institute for Supply Management's factory index for the U.S. fell to 49, the lowest reading since June 2009, from the prior month's 50.7 reading, the Tempe, Arizona-based group's report showed yesterday. Fifty is the dividing line between growth and contraction.

Private data tomorrow may show the pace of hiring in the world's largest economy quickened. ADP Research Institute will probably say tomorrow the pace of hiring in the U.S. quickened by 46,000 jobs to 165,000 in May from the previous month, according to the median estimate of economists surveyed by Bloomberg News.

Australia's dollar held declines after the nation's Reserve Bank signaled scope to ease further. The Reserve Bank of Australia kept its benchmark interest rate unchanged at 2.75 percent today, in line with 24 of the 26 economists surveyed by Bloomberg. Interest-rate swaps data compiled by Bloomberg show traders see a 32 percent chance the central bank will lower borrowing costs at the next meeting on July 2.

EUR / USD: during the Asian session the pair fell to $ 1.3055

GBP / USD: during the Asian session the pair traded in the range of $ 1.5310-40

USD / JPY: during the Asian session the pair traded in the range of Y99.30-85

There is a full calendar Tuesday, with releases on both sides of the pond, although the early focus could be on the RBA's rate decision. German May car registrations numbers are set for release at some stage in the morning session, although there is no fixed time. At 0900GMT, the EMU April PPI data is set for release. At 0930GMT, Bundesbank board member Joachim Nagel on panel at a FAZ conference in Berlin. Then, at 1130GMT, German Chancellor Angela Merkel will deliver a speech at the local governments' conference, in Berlin.

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

EUR/USD $1,3069 +0,55%

GBP/USD $1,5317 +0,79%

USD/CHF Chf0,9472 -0,81%

USD/JPY Y99,44 -1,08%

EUR/JPY Y129,96 -0,47%

GBP/JPY Y152,31 -0,26%

AUD/USD $0,9768 +1,99%

NZD/USD $0,8099 +1,89%

USD/CAD C$1,0280 -0,89%

00:25 Canada Gov Council Member Lane Speaks

01:30 Australia Current Account, bln Quarter I -14.7 -8.9

01:30 Japan Labor Cash Earnings, YoY April -0.6% +0.6%

02:15 Canada Gov Council Member Lane Speaks

04:30 Australia Announcement of the RBA decision on the discount rate 2.75% 2.75%

04:30 Australia RBA Rate Statement

07:00 United Kingdom Halifax house price index May +1.1% +0.2%

07:00 United Kingdom Halifax house price index 3m Y/Y May +2.0% +2.5%

08:30 United Kingdom PMI Construction May 49.4 49.7

09:00 Eurozone Producer Price Index (YoY) April +0.7% +0.3%

09:00 Eurozone Producer Price Index, MoM April -0.2% -0.2%

12:30 Canada Trade balance, billions April 0.0 -0.4

12:30 U.S. International trade, bln April -38.8 -41.1

17:30 U.S. FOMC Member Esther George Speaks

20:30 U.S. API Crude Oil Inventories May +4.4

23:30 Australia AIG Services Index May 44.1