The euro exchange rate against the dollar rose sharply , returning with all previously lost ground , due to the expectations of Fed's Beige Book publication . Mixed reports from the U.S. showed positive results on the trade balance and the housing market , but the ISM index in the services sector disappointed investors . The data showed that non-manufacturing sector in the United States continued to rise in November , but it was slower than in October. The index of business activity in the non-manufacturing ISM from November declined from 55.4 in October to 53.9 . Economists had expected the index to remain unchanged . Readings above 50 indicate expansion of activity.

"Comments by respondents in most of the show that the non-manufacturing sector continued steady consistent growth outlook for the coming months positive" , - the report says ISM.

Sub- indexes in the survey also showed ISM continued growth in activity, but at a slower pace : the employment index fell to 52.5 from 56.2 , the new orders index fell to 56.4 from 56.8 , output index fell to 55.5 from 59.7 , inventories index fell to 54.0 from 54.5 . Price index fell from 56.1 in October and 57.2 in September to 52.2 .

From ISM index takes into account mainly the data from service companies , which makes up a large part of the U.S. economy , but also includes the construction and public administration.

Pound strengthened against the dollar , approaching the maximum values ​​of the session , which was associated with the release of a weak report on U.S. . In addition , market participants are waiting for tomorrow's meeting of the Bank of England. As expected, the Bank of England will leave monetary policy unchanged, despite signs of a strengthening economy, as fulfills the promise to keep the key rate level , while unemployment exceeds the benchmark .

Recall that at the last meeting of the committee on monetary policy the Bank of England unanimously decided to keep record low interest rates and the asset purchase program at 375 billion pounds. Note that this decision was not a surprise to the market. Earlier, the Bank of England announced plans not to raise interest rates as long as the unemployment rate will not fall until at least 7%.

All committee members agreed that it was not satisfied none of the many foreign terms of price stability , which would have forced to abandon the statements of intent , heard in August. Committee members also noted that there is still uncertainty regarding the recovery and the extent to which the rate of growth of supply will meet demand . There were also concerns about wages and pricing.

USD/JPY Y101.00, Y101.50, Y102.00, Y102.25, Y102.50, Y103.00, Y103.20/25, Y103.50, Y103.60, Y103.75

EUR/USD $1.3490, $1.3500, $1.3510, $1.3515, $1.3520, $1.3600, $1.3640, $1.3650

GBP/USD $1.6160, $1.6200

USD/CHF Chf0.9220

AUD/USD $0.9100, $0.9165

NZD/USD $0.8050

08:15 Switzerland Industrial Production (YoY) Quarter III -1.1% +0.7%

08:48 France Services PMI (Finally) November 48.8 48.8 48.0

08:53 Germany Services PMI (Finally) November 54.5 54.5 55.7

08:58 Eurozone Services PMI (Finally) November 50.9 50.9 51.2

09:00 OPEC OPEC Meetings

09:30 United Kingdom Purchasing Manager Index Services November 62.5 62.1 60.0

10:00 Eurozone Retail Sales (MoM) October -0.6% +0.2% -0.2%

10:00 Eurozone Retail Sales (YoY) October +0.3% +1.0% -0.1%

10:00 Eurozone Household Consumption (QoQ) Quarter III +0.2% +0.1% +0.1%

10:00 Eurozone GDP (QoQ) (Revised) Quarter III +0.1% +0.1% +0.1%

10:00 Eurozone GDP (YoY) (Revised) Quarter III -0.4% -0.4% -0.4%

The euro has recovered from the losses incurred earlier in the session against the dollar , returning to the opening day. Mixed dynamics of the single currency associated with released data on service sector activity , GDP and retail sales .

According to the data , the composite Purchasing Managers Index (PMI) of the eurozone , the monthly index of activity in the manufacturing sector and the service sector in November fell to 51.7 from 51.9 in October. Index value above 50 indicates expanding activity . PMI in the service sector of the eurozone rose to 51.2 compared with a preliminary estimate of 50.9 . These data were better than the preliminary assessment , published last month, but indicate that private sector activity slowed during the month.

Retail sales in the eurozone fell for the second month in a row in October , mainly due to lower sales in the non-food sector, informed by statistical office Eurostat . The volume of retail sales fell by 0.2 percent in October compared with the previous month , after falling 0.6 percent in September . Economists had forecast that sales will grow by 0.2 percent in October .

Eurozone economic growth was moderate in the third quarter, according to a preliminary estimate showed the final data published by Eurostat. Gross domestic product grew by 0.1 percent in the third quarter compared with the previous quarter . Eurozone emerged from the longest recession in the history of the region in the second quarter , with GDP growth of 0.3 percent. On an annual basis , GDP fell by 0.4 percent after a contraction of 0.6 percent in the second quarter . All figures are consistent with the preliminary estimates .

The British pound fell against the dollar after data on service sector activity . Activity in the UK service sector slowed in November , but remained confident , with demand growing strong pace. PMI for the services sector , which includes everything from banks to restaurants, fell to 60.0 in November . This is the lowest value of the index in five months , and it is lower than the 62.5 in October. Economists had expected the November index was 62.1 .

These data came after strong reports on manufacturing and construction sector , published earlier this week , and they can encourage UK Finance Minister George Osborne to do some respite from government spending cuts and tax increases . On Thursday, Osborne will present a new report , which includes government forecasts for the economy and information on the progress in reducing the budget deficit.

EUR / USD: during the European session, the pair fell to $ 1.3566 , and then rose to $ 1.3600

GBP / USD: during the European session, the pair fell to $ 1.6326

USD / JPY: during the European session, the pair rose to Y102.84, and then decreased to Y102.27

At 13:15 GMT the U.S. will release the change in the number of employees from ADP for the 3rd quarter . At 13:30 GMT the United States and Canada, there are data on its trade balance for October. At 15:00 GMT we will know the decision of the Bank of Canada's main interest rate and the accompanying statement will be made the Bank of Canada . In the U.S. at 15:00 GMT will composite index ISM non-manufacturing areas in November , sales in the primary market in September and October , at 15:30 GMT will be published data on crude oil inventories from the Energy Department . At 19:00 GMT Economic Outlook publication held by the Fed regions " Beige Book ."

EUR/USD

Offers $1.3690/710, $1.3660/65, $1.3650, $1.3620/30, $1.3600

Bids $1.3570/65, $1.3525/15, $1.3490/80

GBP/USD

Offers $1.6500, $1.6480, $1.6450, $1.6400, $1.6370/80

Bids $1.6310/00, $1.6280/75, $1.6260/55

AUD/USD

Offers $0.9200, $0.9180, $0.9150, $0.9100, $0.9060/70

Bids $0.9000, $0.8950, $0.8900

EUR/GBP

Offers stg0.8345/55, stg0.8320/25

Bids stg0.8260, stg0.8250, stg0.8220, stg0.8205/00

USD/JPY

Offers Y103.50, Y103.20, Y102.90/00

Bids Y102.25/20, Y102.10/00, Y101.80, Y101.50, Y101.00

EUR/JPY

Offers Y140.50, Y140.00, Y139.80

Bids Y138.80, Y138.55/50, Y138.20, Y138.00

00:30 Australia Gross Domestic Product (QoQ) Quarter III +0.6% +0.7% +0.6%

00:30 Australia Gross Domestic Product (YoY) Quarter III +2.6% +2.5% +2.3%

01:45 China HSBC Services PMI November 52.6 52.5

The euro was 0.2 percent from its strongest level in a month before European Central Bank officials gather for a policy meeting tomorrow, when they are forecast to refrain from cutting the benchmark interest rate. ECB officials will probably keep the benchmark at a record-low 0.25 percent when they meet tomorrow, according to the median estimate in a Bloomberg survey of economists. President Mario Draghi and his board unexpectedly cut the rate by a quarter-percentage point last month after inflation slowed in October to the least in four years.

Australia’s dollar slid to a three-month low after data today showed the nation’s economy grew less than analysts forecast in the third quarter. Australian economic growth slowed to a 2.3 percent annual pace in the three months through September, the statistics bureau said today, compared with the forecast for 2.6 percent in a Bloomberg News survey of analysts.

The yen remained higher versus the dollar as Asian stocks slumped and technical indicators signaled the currency’s recent declines may have been overdone.

The pound was near the highest since 2011 after a report showed U.K. construction expanded at the fastest pace in more than six years. The Bank of England sets policy tomorrow. Analysts polled by Bloomberg predict the U.K. central bank will hold its key rate at 0.5 percent tomorrow.

EUR / USD: during the Asian session, the pair traded in the range of $ 1.3580-95

GBP / USD: during the Asian session, the pair traded in the range of $ 1.6375-95

USD / JPY: during the Asian session, the pair traded in the range of Y102.25-70

Focus today will turn to the release of services PMI data at 0928GMT. Market will be waiting to see if the release will complete a strong set of PMI data after mfg and construction PMI's came in above forecasts.

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

EUR/USD $1,3588 +0,35%

GBP/USD $1,6389 +0,21%

USD/CHF Chf0,9042 -0,48%

USD/JPY Y102,50 -0,42%

EUR/JPY Y139,28 -0,07%

GBP/JPY Y167,99 -0,20%

AUD/USD $0,9135 +0,36%

NZD/USD $0,8241 +0,69%

USD/CAD C$1,0647 +0,05%

00:30 Australia Gross Domestic Product (QoQ) Quarter III +0.6% +0.7%

00:30 Australia Gross Domestic Product (YoY) Quarter III +2.6% +2.5%

01:45 China HSBC Services PMI November 52.6

08:00 United Kingdom Halifax house price index November +0.7% +0.8%

08:00 United Kingdom Halifax house price index 3m Y/Y November +6.9% +7.2%

08:15 Switzerland Industrial Production (YoY) Quarter III -1.1%

08:48 France Services PMI (Finally) November 48.8 48.8

08:53 Germany Services PMI (Finally) November 54.5 54.5

08:58 Eurozone Services PMI (Finally) November 50.9 50.9

09:00 OPEC OPEC Meetings

09:30 United Kingdom Purchasing Manager Index Services November 62.5 62.1

10:00 Eurozone Retail Sales (MoM) October -0.6% +0.2%

10:00 Eurozone Retail Sales (YoY) October +0.3% +1.0%

10:00 Eurozone Household Consumption (QoQ) Quarter III +0.2% +0.1%

10:00 Eurozone GDP (QoQ) (Revised) Quarter III +0.1% +0.1%

10:00 Eurozone GDP (YoY) (Revised) Quarter III -0.4% -0.4%

13:15 U.S. ADP Employment Report November 130 174

13:30 Canada Trade balance, billions October -0.4 -0.7

13:30 U.S. International Trade, bln October -41.8 -40.3

15:00 Canada Bank of Canada Rate 1.00% 1.00%

15:00 Canada BOC Rate Statement

15:00 U.S. ISM Non-Manufacturing November 55.4 55.4

15:00 U.S. New Home Sales September 421 427

15:00 U.S. New Home Sales October 432

15:30 U.S. Crude Oil Inventories November +3.0

19:00 U.S. Fed's Beige Book December