The euro exchange rate has recovered from lows against the dollar, but in spite of it, continues to be near the opening level of the day . Note that a couple can not determine the direction against the background of cautious optimism about reaching an agreement in the United States .
Add that Republicans today sent the Obama plan to raise the debt ceiling for a period of 6 weeks , according to House Speaker Boehner and the leaders of the Republican Party in the recent press release . They want to see that President Obama will propose in return.
Boehner also said that later he will take part in the discussion of " shatdauna " and the issue of deficit reduction with President Obama.
On the other hand, a source in the White House, said the WSJ, that the administration would like to discuss not only the short-term but also long-term increase in the debt ceiling. " For the economy will be better if Congress will remove the threat of default as far as possible ."
Republicans in the House of Representatives began talks yesterday, but it is not clear whether they will demand something in return increase the "ceiling."
The pound rose slightly against the dollar, despite the fact that the meeting of the Monetary Policy Committee of the Bank of England did not bring any surprises .
Note that the Bank of England left its key interest rate and bond purchase program unchanged, as the recovery of the UK economy has shown signs of improvement.
The nine members of the Monetary Policy Committee of the Bank of England , led by Mark Carney has kept its key interest rate at a record low of 0.5 percent and a program of bond purchases at around 375 billion pounds ( 598 billion dollars), which corresponds to the forecast of economists surveyed by Bloomberg News. In August, the Bank of England said it will not raise borrowing costs until the end of 2016.
MPC said that he would consider raising the key interest rate at least until the unemployment rate drops to 7 percent from 7.7 percent, that is until the end of 2016.
Carney said in an interview last month that he does not see the argument for the expansion of quantitative easing , and Minutka the September MPC meeting showed that all nine members agreed that the current policy is appropriate. Minutes of this meeting will be published on 23 October.
The yen fell against the dollar amid little progress in addressing the issue of budget dollars, and the statements of the Bank of Japan.
Bank of Japan Kuroda was made today in the United States , saying that the Bank of Japan will do its utmost to fight deflation .
Speaking in New York, Kuroda spoke out in defense of the program of asset purchases , calling their effects " encouraging." He added: " We believe that continuing to apply these measures , we will defeat deflation ."
Inflation target of the Bank of Japan on 2- year period is still 2% , and it expects to double the money supply by the end of 2014.
These comments concerned the policies of the Bank of Japan. While most of the B10 combine ultra-soft monetary policy with a moderate reduction of expenses , Japan continued expansionary policies to stimulate consumption.
In the short term, the yen rose against the debt ceiling in the United States . While the yen's rise affects the export sector in the short and long term, Kuroda said that the policy of the Central Bank rather aimed at stimulating demand rather than on achieving the target level of the currency.
EUR/USD $1.3465, $1.3495, $1.3510, $1.3525, $1.3550, $1.3560, $1.3600, $1.3620
USD/JPY Y96.00, Y96.25, Y97.00, Y97.10, Y97.30, Y98.10
EUR/JPY Y132.80
GBP/USD $1.5950, $1.6000, $1.6070, $1.6125
EUR/GBP stg0.8410, stg0.8520
USD/CHF Chf0.9000
AUD/USD $0.9385, $0.9400, $0.9450, $0.9500
AUD/JPY Y90.00
USD/CAD C$1.0315, C$1.0330
EUR/USD
Offers $1.3650, $1.3600/10, $1.3580/85, $1.3560/70
Bids $1.3485/80, $1.3460/50, $1.3420
GBP/USD
Offers $1.6120/25, $1.6100, $1.6070/80, $1.6040/50, $1.6020, $1.5990/600
Bids $1.5914-00, $1.5870, $1.5850/40, $1.5820, $1.5800
AUD/USD
Offers $0.9550, $0.9500, $0.9480/85
Bids $0.9380, $0.9350, $0.9320
EUR/JPY
Offers Y133.00, Y132.80, Y132.50, Y132.35/40
Bids Y131.90/80, Y131.50, Y131.25/20, Y131.00
USD/JPY
Offers Y98.50, Y98.20, Y97.95/00
Bids Y97.20, Y97.00, Y96.85/80, Y96.55/50
EUR/GBP
Offers stg0.8550/55, stg0.8520/25, stg0.8495/500
Bids stg0.8455/50, stg0.8425/15, stg0.8400, stg0.8370/65, stg0.8320, stg0.8300
EUR/USD $1.3465, $1.3495, $1.3510, $1.3525, $1.3550, $1.3560, $1.3600, $1.3620
USD/JPY Y96.00, Y96.25, Y97.00, Y97.10, Y97.30, Y98.10
EUR/JPY Y132.80
GBP/USD $1.5950, $1.6000, $1.6070, $1.6125
EUR/GBP stg0.8410, stg0.8520
USD/CHF Chf0.9000
AUD/USD $0.9385, $0.9400, $0.9450, $0.9500
AUD/JPY Y90.00
USD/CAD C$1.0315, C$1.0330
The U.S. Dollar Index reached a two-week high as U.S. Congressional leaders were said to be open to a short-term increase in the nation’s debt limit. House Republican and Senate Democratic leaders are open to a short-term increase in the debt limit, said congressional aides of both parties who spoke on condition of anonymity. The movement comes after House Democrats met with President Barack Obama at the White House. A small group of House Republicans are scheduled to meet with the president today.
The yen slid versus most major peers before Bank of Japan Governor Haruhiko Kuroda speaks today. The BOJ’s Kuroda is scheduled to speak today at the Council on Foreign Relations in New York. In April, he announced a plan to buy more than 7 trillion yen ($71.6 billion) of Japanese government bonds per month to achieve 2 percent inflation in two years.
Australia’s dollar weakened after data showed a smaller-than-forecast gain in employment. Australian employers added 9,100 jobs in September, government figures showed today, fewer than the 15,000 gain estimated by economists surveyed by Bloomberg News. The unemployment rate dropped to 5.6 percent last month from a four-year high of 5.8 percent in August. Analysts had forecast the figure would be unchanged.
Demand for the euro was supported ahead of data today forecast to show industrial output gained in France and Italy. In Europe, industrial output in France probably rose 0.6 percent in August from July, the first increase in four months, according to the median estimate of economists surveyed by Bloomberg News. Factory production in Italy is forecast to have gained 0.6 percent in August. The nations have the biggest economies in the euro region after Germany.
EUR / USD: during the Asian session the pair fell to $ 1.3485
GBP / USD: during the Asian session, the pair fell to $ 1.5910
USD / JPY: during the Asian session the pair rose to Y97.80
There is no UK data set for release, but the Bank of England October policy decision is expected at 1100GMT. The chances of a change in policy are very slight indeed. It is also unlikely that the MPC will issue a statement giving their views on market rate expectations after MPC member Paul Fisher said that the BOE did not want to give a running commentary on market rate expectations.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3523 -0,36%
GBP/USD $1,5953 -0,82%
USD/CHF Chf0,9100 +0,66%
USD/JPY Y97,36 +0,49%
EUR/JPY Y131,66 +0,14%
GBP/JPY Y155,31 -0,32%
AUD/USD $0,9446 +0,28%
NZD/USD $0,8300 +0,19%
USD/CAD C$1,0392 +0,23%
00:00 Australia Consumer Inflation Expectation October +1.5%
00:30 Australia Unemployment rate September 5.8% 5.8%
00:30 Australia Changing the number of employed September -10.8 15.2
05:00 Japan Consumer Confidence September 43.0 43.8
06:45 France Industrial Production, m/m August -0.6% +0.7%
06:45 France Industrial Production, y/y August -1.8% -2.8%
08:00 China New Loans September 711 669
08:00 Eurozone ECB Monthly Report October
11:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50%
11:00 United Kingdom Asset Purchase Facility 375 375
11:00 United Kingdom MPC Rate Statement
11:45 Japan BOJ Governor Haruhiko Kuroda Speaks
12:30 Canada New Housing Price Index August +0.2% +0.3%
12:30 U.S. Initial Jobless Claims October 308 307
13:45 U.S. FOMC Member James Bullard Speaks
16:00 Japan BOJ Governor Haruhiko Kuroda Speaks
16:20 Eurozone ECB President Mario Draghi Speaks
21:45 New Zealand Food Prices Index, m/m September -0.5%
21:45 New Zealand Food Prices Index, y/y September +0.3%