The euro exchange rate against the dollar has increased significantly, while recovering after a landslide, triggered by a decrease in rates of the ECB, which helped to better-than-forecast economic indicators for Germany, released this week. Earlier, the market began to worry for the health of core eurozone economies, so the positive statistics from Germany (promzakazy and industrial production) have helped to reduce expectations about the ECB to cut rates again.

Note that today the German Federal Statistical Office reported that in March, industrial production grew by 1.2% on the month and fell by 2.5% in the year. These were better than the average forecast, which envisaged decline by 0.1% m / m and 3.9% y / y The report documents the growth of manufacturing output up 1.4% m / m in March after rising 0.9% the previous month. Production of durable consumer goods increased by 2.2% in March after rising 1.4% in February. Production of non-durable goods increased during the same period by 0.7% after falling 3.0% in the previous reporting month.

The growth of production orders, as witnessed yesterday released a report, and the recovery of the construction should be in the coming months to continue to have a positive effect on the volume of industrial production.

The cost of the New Zealand dollar fell against the U.S. dollar following the news that the Reserve Bank of New Zealand intervened to reduce the rate of the national currency. As a result of such applications has decreased investor interest to the entire block of commodity currencies. Governor of the Central Bank of New Zealand Graeme Wheeler told the committee of Parliament on Budget and Finance Committee that the RBNZ to sell small amounts of the New Zealand dollar to prevent the national currency, as well as not to use the tools of monetary policy, such as lowering interest rates. After this announcement, the currency has traded in the range, despite the emergence of news about the positive balance of foreign trade of China in April and an increase in exports from the country in April, up 14.7% compared with the same period last year.

The Canadian dollar rose against the U.S. dollar, helped by a report released today by Canada, which showed that the number of housing starts in April fell to 175,000 homes a year, but this figure matched analysts' expectations. According to revised data, the number of bookmarks in March totaled 181,000 homes a year.

According to the former Governor of the Bank of Canada David Dodge, the achievement of parity is not so important - it's just another "point in the sequence." However, analysts believe that the U.S. dollar will get strong support in the region of parity. Taking into account the uneven growth of the Canadian dollar, which was observed recently, a break of parity may not be as quick and easy process. On the contrary, the Canadian dollar is likely to make several attempts to break through this mark before he could do so.

Value of the pound against the dollar has increased significantly, reaching maximum values ​​at the same time in the last two weeks, amid speculation that the Bank of England is expected to leave the size of the stimulus program unchanged amid signs that the economy will continue to grow in the second quarter, although at a more moderate pace. Economists expect the Monetary Policy Committee of the central bank will keep the benchmark interest rate at 0.5% and the size of its asset purchase program at 375 billion pounds. Activity in the dominant services sector rose in April to its highest level since August 2012. Similar studies have shown that the production and construction activity also improved. Economists said the combination of promising signals about growth and persistently high inflation should keep the Bank of England from any changes. The annual rate of inflation was 2.8% in March and, despite some easing of inflationary pressures due to commodity prices are expected to stay above 2% target of the Bank of England, for the remainder of the year.

EUR/USD $1.3000, $1.3050, $1.3075, $1.3100, $1.3125, $1.3150, $1.3170, $1.3220

USD/JPY Y98.00, Y98.40, Y98.50/55, Y98.60, Y98.75, Y98.95, Y99.00, Y99.25, Y100.00

EUR/JPY Y128.25, Y130.00

USD/CHF Chf0.9375

AUD/USD $1.0150, $1.0200

AUD/JPY Y100.00

NZD/USD $0.8400

AUD/NZD NZ$1.2050

EUD/USD

Offers $1.3200, $1.3180, $1.3150

Bids $1.3070/50, $1.3040, $1.3000

AUD/USD

Offers $1.0330, $1.0280/00, $1.0230/50, $1.0220

Bids $1.0150, $1.0120/15, $1.0090/85, $1.0020/15

USD/JPY

Offers Y100.00, Y99.50/60, Y99.15/20

Bids Y98.50, Y98.25/20, Y98.00

EUR/JPY

Offers Y131.50, Y131.00, Y130.50

Bids Y129.60, Y129.20, Y129.00, Y128.80/70, Y128.55/50

EUR/GBP

Offers stg0.8545/50, stg0.8530/35, stg0.8500/10, stg0.8480/85

Bids stg0.8450/40, stg0.8410/00

EUR/USD $1.3000, $1.3050, $1.3075, $1.3100, $1.3125, $1.3150, $1.3170, $1.3220

USD/JPY Y98.00, Y98.40, Y98.50/55, Y98.60, Y98.75, Y98.95, Y99.00, Y99.25, Y100.00

EUR/JPY Y128.25, Y130.00

USD/CHF Chf0.9375

AUD/USD $1.0150, $1.0200

AUD/JPY Y100.00

NZD/USD $0.8400

AUD/NZD NZ$1.2050

02:00 China Trade Balance, bln April -0.9 15.5 18.2

The euro's volatility against the dollar was near the lowest in almost four months as investors weighed prospects for additional monetary stimulus by the European Central Bank and receding credit risk in the region.

ECB President Mario Draghi said this week that policy makers had an "open mind" on a negative deposit rate. The extra yield investors demand to hold 10-year Spanish bonds over same maturity German debt narrowed to the least since August 2011 yesterday. Demand for the euro was limited ahead of data forecast to show German industrial production shrank in March from the previous month. Economists surveyed by Bloomberg before the figures due today predict a 0.1 percent contraction, after a 0.5 percent expansion in February.

New Zealand's dollar sank to a five-week low after Reserve Bank Governor Graeme Wheeler said the central bank has sold the currency. Reserve Bank of New Zealand Governor Wheeler told parliament's finance and expenditure select committee in Wellington today that "there has been some intervention."

He said he reserves the right for further currency sales to damp gains in the kiwi. The local dollar has surged 45 percent against the greenback since the end of 2008, the biggest advance among over 150 currencies tracked by Bloomberg.

Australia's dollar trimmed losses after Chinese data showed imports grew more than economists estimated. In China, imports rose 16.8 percent in April from the prior month, the customs administration said today in Beijing. That was more than the 13 percent increase expected by economists in a Bloomberg News survey. Exports grew 14.7 percent last month from March. China is the biggest trading partner for both Australia and New Zealand.

EUR / USD: during the Asian session, the pair rose $ 1.3100

GBP / USD: during the Asian session, the pair is trading around $ 1.5480

USD / JPY: during the Asian session, the pair rose to Y99.15

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

EUR/USD $1,3079 +0,05%

GBP/USD $1,5480 -0,38%

USD/CHF Chf0,9402 +0,20%

USD/JPY Y98,97 -0,35%

EUR/JPY Y129,42 -0,34%

GBP/JPY Y153,18 -0,76%

AUD/USD $1,0182 -0,68%

NZD/USD $0,8443 -0,83%

02:00 China Trade Balance, bln April -0.9 15.5

05:00 France Bank holiday

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

07:00 United Kingdom Halifax house price index 3m Y/Y April +1.1%

07:15 Switzerland Consumer Price Index (MoM) April +0.2% +0.1%

07:15 Switzerland Consumer Price Index (YoY) April -0.6% -0.5%

10:00 Germany Industrial Production s.a. (MoM) March +0.5% -0.1%

10:00 Germany Industrial Production (YoY) March -1.8% -3.9%

12:15 Canada Housing Starts April 184 175

12:30 U.S. FOMC Member Jeremy Stein Speaks

14:30 U.S. Crude Oil Inventories April +7.0

22:45 New Zealand Employment Change, q/q Quarter I -1.0% +1.1%

22:45 New Zealand Unemployment Rate Quarter I 6.9% 6.8%