Euro traded higher against the U.S. dollar , due to the budget debates in the United States . Note that the focus of market participants are still directed to the U.S., where the government still has not resumed work in the absence of the adopted budget for entered a new fiscal year. Both sides continue to hold talks tough position and do not compromise , which ultimately could threaten the economic growth of the world 's largest economy . The situation in the U.S. dollar keeps under pressure , which showed a moderate decline against major currencies.

In general, the situation with the budget issues in the United States will continue to dominate the market in the near future . It will be added to concerns about the need to raise the debt ceiling , which will continue to put pressure on the U.S. dollar.

We add that the rumors about reaching an agreement in the U.S. for 6 months, which may put an end to " shatdaunu " and lead to an increase in the debt ceiling , walk from the 2nd half of the European session , stimulating the dollar, but since they have not been confirmed again the dollar has lost all its past earned the position .

The dollar fell against the yen , reaching with nearly two-month low , as Republicans and Democrats in the United States remain in their positions in opposition to the budget , and the partial termination of the U.S. government continues the following week.

On Sunday, Speaker of the U.S. House of Representatives John Boehner said that he can not go on government funding or an increase in the debt limit without the related negotiations on a broad spending cuts . This differs from the earlier statements Bonera - it was reported that he intends to avoid a default. Treasury Secretary Lew on Sunday said that the Congress was "playing with fire " if not increase the limit of public debt to 17 October.

Add that to the dynamics of trade has also affected the monthly report , which was published by the Central Bank of Japan. He showed that , according to forecasts , industrial production will continue to grow moderately in the coming months.

The report also noted that both public and residential investment is expected to continue upward trend, while business fixed investment will expand at a moderate pace , as the volume continues to increase corporate profits .

Meanwhile, the Bank of Japan has confirmed that private consumption is likely to remain stable, which will support the improvement in employment and an increase in revenue.

We also add that the Bank of Japan is forecast exports will mainly grow at a moderate pace background improvement in overseas economies.

The Canadian dollar fell against its U.S. counterpart after data on the number of building permits were significantly worse than expected , which increased the pressure on the foreign exchange market amid worries about the financial situation in the U.S. , as well as the prospects for global growth .

Data from Statistics Canada show that in August, the number of building permits fell to a record high , recorded in July , which was associated with a decrease in commercial projects, such as retail stores and office buildings.

Note that the total number of permits fell in August by 21.2 % to 6.34 billion Canadian dollars ( 6.14 billion U.S. dollars ) to 21.4 - percent increase in July. Economists had forecast a decline of only 2.4%.

In addition, it was reported that permits for non-residential construction fell by 37.9 % to 2.43 billion Canadian dollars against 3.91 billion dollars last month, while commercial projects fell by 45.8 % to 1.40 billion Canadian U.S. . Add that industrial permits fell 1.2 % to 526 million Canadian dollars , after rising 17.7 % in July , institutional permits fell 36.7 % to 507 million Canadian dollars, and permission for residential real estate fell by 5 , 4 % to 3.91 billion Canadian dollars in August. Note also that the number of housing permits fell 3.0% to 2.17 billion Canadian dollars for projects such as apartments and condominiums, fell by 8.3% to 1.74 billion Canadian dollars.

EUR/USD $1.3480, $1.3550, $1.3600, $1.3650

GBP/USD $1.6180

USD/JPY Y96.10, Y96.50, Y96.75, Y97.10, Y97.25, Y97.30, Y97.75, Y98.00, Y98.50, Y99.00

AUD/USD $0.9270, $0.9300, $0.9375, $0.9400

EUR/GBP stg0.8360

USD/CHF Chf0.8925

EUR/JPY Y130.75

AUD/JPY Y0.9125

NZD/USD $0.8235

EUR/CHF Chf1.2250

EUR/USD

Offers $1.3700, $1.3650, $1.3600

Bids $1.3550, $1.3520, $1.3500, $1.3455/50, $1.3420

GBP/USD

Offers $1.6145/50, $1.6120, $1.6100, $1.6080

Bids $1.6030/25, $1.6000, $1.5980, $1.5950

AUD/USD

Offers $0.9550, $0.9500, $0.9480, $0.9450, $0.9425/30

Bids $0.9380, $0.9350, $0.9320, $0.9300

EUR/JPY

Offers Y132.80, Y132.50, Y132.20, Y132.00

Bids Y131.50, Y131.20, Y131.00, Y130.50

USD/JPY

Offers Y98.20, Y97.90/00, Y97.80, Y97.50, Y97.15/20

Bids Y96.80/70, Y96.55/50, Y96.20, Y96.00

EUR/GBP

Offers stg0.8550, stg0.8500, stg0.8480

Bids stg0.8450, stg0.8420, stg0.8400, stg0.8380, stg0.8350

EUR/USD $1.3480, $1.3550, $1.3600, $1.3650

GBP/USD $1.6180

USD/JPY Y96.10, Y96.50, Y96.75, Y97.10, Y97.25, Y97.30, Y97.75, Y98.00, Y98.50, Y99.00

AUD/USD $0.9270, $0.9300, $0.9375, $0.9400

EUR/GBP stg0.8360

USD/CHF Chf0.8925

EUR/JPY Y130.75

AUD/JPY Y0.9125

NZD/USD $0.8235

EUR/CHF Chf1.2250

05:00 Japan        Coincident Index 107.7 107.6 107.6

05:00 Japan        Leading Economic Index 107.9 106.9 106.5

05:00 Japan        BoJ monthly economic report

The yen climbed against its 16 major peers after Treasury Secretary Jacob J. Lew renewed his call for extending a U.S. debt limit to avoid a default, boosting demand for Japan’s currency as a haven.

The Swiss franc rose against the greenback after House Speaker John Boehner said the U.S. could end up in default unless President Barack Obama negotiates, with the government shutdown about to enter a seventh day. Lew reiterated that the U.S. will run out of its ability to borrow on Oct. 17. The Obama administration has said it won’t negotiate with Republicans over funding the government or raising the debt ceiling, arguing that it is part of the basic functions of Congress and shouldn’t be used as a point of leverage.

The pound advanced from near a one-month low against the euro before the Bank of England’s policy meeting this week. The BOE will keep its benchmark rate at a record-low 0.5 percent and its asset-purchase target at 375 billion pounds ($601 billion) on Oct. 10, according to economists in a Bloomberg poll.

EUR / USD: during the Asian session the pair rose to $ 1.3575

GBP / USD: during the Asian session, the pair rose to $ 1.6050

USD / JPY: during the Asian session the pair fell to Y97.00

There is only a light calendar expected on both sides of the Atlantic. The US week ahead will be light on data due to the federal government shutdown, hich has shuttered the federal agencies responsible for compiling and releasing the most important reports. Monday's European calendar gets underway at 0900GMT, with the 3rd estimate of the second quarter EMU GDP data. At 1400GMT, the forth quarter Eurozone economic outlook will be released.

There is only a light calendar expected on both sides of the Atlantic. The US week ahead will be light on data due to the federal government shutdown, which has shuttered the federal agencies responsible for compiling and releasing the most important reports. The government reports scheduled for next week, the release of which will likely be delayed until after government operations are fully restored, include the August trade balance report Tuesday, August JOLTs job openings Tuesday, August wholesale inventories Wednesday, the August Treasury budget, September retail sales, August business inventories, September import prices and Friday's September Consumer Price Index. The week's report on initial claims, however, will survive.

05:00 Japan        Coincident Index 107.7 107.6

05:00 Japan        Leading Economic Index 107.9 106.9

05:00 Japan        BoJ monthly economic report

07:00 Switzerland Foreign Currency Reserves 434.2 432.2

08:30 Eurozone Sentix Investor Confidence 6.5 10.9

09:00 Eurozone GDP (QoQ) +0.3% +0.3%

09:00 Eurozone GDP (YoY) -0.5% -0.5%

12:30 Canada        Building Permits (MoM) +20.7% -2.4%

19:00 U.S.        Consumer Credit 10.4 12.6

21:00 New Zealand NZIER Business Confidence 32

23:01 United Kingdom BRC Retail Sales Monitor y/y +1.8% +2.0%

23:01 United Kingdom RICS House Price Balance 40% 45%

23:50 Japan        Current Account (adjusted), bln 333.7 643.6