The dollar strengthened against several major currencies after the U.S. session for information on new talks between President Obama and leading members of Congress revived the hopes of reaching a compromise . It was learned that President Barack Obama will meet with congressional leaders . The meeting is scheduled for Monday with leaders of both parties , according to the White House : Senate Majority Leader Reid , Senate Minority Leader McConnell , Speaker of the House Boehner and Minority Leader Pelosi's House of Representatives .
"Given that only a few days left before the government runs out of borrowing capacity , the president makes clear the need to act for the payment of expenses and the resumption of activities of the government ," - said the representative .
The euro exchange rate against the dollar earlier rose , helped by the published data on industrial production in the eurozone. The report showed that the seasonally adjusted August industrial output increased by 1 percent , thus offsetting the decline in the level of 1 percent, which was recorded in July. It is worth noting that many economists had forecast a modest rise in August, and it was at 0.8 percent, compared with a fall of 1.5 percent, which was originally reported last month . We also recall that in June , industrial production increased by 0.7 percent. Meanwhile, it was reported that the production of capital goods increased by 2.4 percent, while the production of intermediate goods increased by 0.9 percent. We also add that the volume of consumer goods were up 0.8 percent compared to July , and the output from the energy sector increased by 0.4 percent.
We also add that the pressure on the U.S. currency is inconclusive talks between President Barack Obama and Republicans in the Senate. On Friday, the Republican members of the House of Representatives of the United States appealed to President Barack Obama to offer " short-term " to raise the U.S. debt ceiling and pass a budget for 2014 in exchange for a reduction in government spending. But the White House rejected the project.
The pound strengthened against the U.S. currency , as many market participants are waiting for release of an important report on the UK this week. Note that the most anticipated event will be the publication of the report on the unemployment rate . Experts estimate the value of this indicator will remain unchanged - at 7.7 percent.
EUR/USD $1.3400, $1.3470, $1.3580, $1.3590
USD/JPY Y97.85, Y98.00, Y98.15, Y98.30, Y98.50, Y98.65, Y98.90, Y99.00
EUR/JPY Y133.25
EUR/GBP stg0.8450, stg0.8460
GBP/JPY Y157.60
USD/CHF Chf0.9125, Chf0.9150
AUD/USD $0.9450, $0.9500, $0.9550
USD/CAD C$1.0400
Data
00:30 AU Gross mortgage lending in August +2.4% -2.1% -3.9%
1:30 China's Producer Price Index y / y in September -1.6% -1.4% -1.3%
1:30 China Consumer Price Index y / y in September +2.6% +2.8% +3.1%
7:15 Index Switzerland Producer and Import Prices m / m in September +0.2% +0.3% +0.1%
7:15 Index Switzerland Producer and Import Prices y / y in September 0.2% 0.0% 0.0%
09:00 EU Industrial Production m / m in August -1.5% +0.8% +1.0%
09:00 EU Industrial Production y / y in August -2.1% -2.5% -2.1%
09:00 EU Eurogroup meeting
The euro rose against the dollar , recovering with a minimum values of the session , which helped the published data on industrial production in the Eurozone.
The report showed that the seasonally adjusted August industrial output increased by 1 percent , thus offsetting the decline in the level of 1 percent, which was recorded in July. It is worth noting that many economists had forecast a modest rise in August, and it was at 0.8 percent, compared with a fall of 1.5 percent, which was originally reported last month . We also recall that in June , industrial production increased by 0.7 percent.
Meanwhile, it was reported that the production of capital goods increased by 2.4 percent, while the production of intermediate goods increased by 0.9 percent. We also add that the volume of consumer goods were up 0.8 percent compared to July , and the output from the energy sector increased by 0.4 percent.
At Statistics also reported that on an annualized basis , industrial output fell in August by 2.1 percent, which was slightly slower than the decline of 2.5 percent , which many economists had forecast . Note that this deterioration followed a decline of 1.9 percent in July , which was revised from -2.1 percent.
We also add that the pressure on the U.S. currency is inconclusive talks between President Barack Obama and Republicans in the Senate. On Friday, the Republican members of the House of Representatives of the United States appealed to President Barack Obama to offer " short-term " to raise the U.S. debt ceiling and pass a budget for 2014 in exchange for a reduction in government spending. But the White House rejected the project.
The pound strengthened against the U.S. currency, but in spite of this, continues to trade near four-week low , as many market participants are waiting for release of an important report on the UK this week. Note that the most anticipated event will be the publication of the report on the unemployment rate . Experts estimate the value of this indicator will remain unchanged - at 7.7 percent.
Pound is also rising against the background of the negotiations to raise the U.S. debt ceiling again deadlocked.
EUR / USD: during the European session, the pair fell from $ 1.3570 to $ 1.3543 , but later recovered to $ 1.3567
GBP / USD: during the European session, the pair fell to $ 1.5952 , according to then rose to $ 1.5995
USD / JPY: during the European session, the pair fell to Y98.16.
EUR/USD $1.3400, $1.3470, $1.3580, $1.3590
USD/JPY Y97.85, Y98.00, Y98.15, Y98.30, Y98.50, Y98.65, Y98.90, Y99.00
EUR/JPY Y133.25
EUR/GBP stg0.8450, stg0.8460
GBP/JPY Y157.60
USD/CHF Chf0.9125, Chf0.9150
AUD/USD $0.9450, $0.9500, $0.9550
USD/CAD C$1.0400
The dollar slipped for a second day versus the euro as talks between President Barack Obama and House Republicans hit an impasse and U.S. senators from both parties struggled to draft an accord that averts a U.S. default. Democratic lawmakers warned over the weekend that a lack of movement may have an effect on financial markets. U.S. stock trading will take place on the federal Columbus Day holiday today. Bond markets will be closed. Japan’s markets are closed today for a holiday.
The yen advanced versus the greenback for the first time in five days after Obama reiterated he will negotiate on the budget after the debt ceiling is raised and a partial government shutdown ends. The U.S.’s borrowing authority lapses on Oct. 17.
The euro gained before a report forecast to show industrial production in the region rebounded in August. Factory production in the 17-nation euro area rose 0.8 percent in August, after a 1.5 percent decline the previous month, the European Union’s statistics office is forecast to say today according to a Bloomberg News survey.
The Singapore dollar held a two-week gain after the central bank decided to retain the currency’s “modest and gradual” appreciation.
EUR / USD: during the Asian session the pair rose to $1.3565
GBP / USD: during the Asian session, the pair rose to $1.5985
USD / JPY: during the Asian session the pair fell to Y98.20
There is a limited calendar on both sides of the Atlantic Monday, as the Columbus Day holiday adds to the shutdown in keeping Federal offices closed. Despite Bond markets being closed in the US, stock markets are open, although trade is likely to be limited. The European calendar kicks off at 0630GMT, with the release of the September Banque de France retail trade survey. At 0900GMT, the eurozone August industrial output data will be published and is seen down 2.5% on the month. At 1100GMT, in Luxembourg, the Eurogroup of eurozone finance minister meet, to be followed by a full gathering of the Ecofin ministers at 1300GMT. EU FinMins are set to discuss backstops for banks participating in the ECB's balance sheet review, and plans for a Single Resolution Mechanism in Luxembourg. At 1530GMT, Executive Board member Benoit Coeure is slated to take part in a panel session at conference "Risk Taking in Financial Institutions, Regulation and the Real Economy" organised by ACPR in Paris, France. Later, at 1600GMT, ECB Executive Board member Yves Mersch will participate in an introductory event to the European Cultural Days 2013 "Latvia today" organised by the European Central Bank in Frankfurt, Germany.
00:30 Australia Home Loans August +2.4% -2.1%
01:30 China PPI y/y September -1.6% -1.4%
01:30 China CPI y/y September +2.6% +2.8%
07:15 Switzerland Producer & Import Prices, m/m September +0.2% +0.3%
07:15 Switzerland Producer & Import Prices, y/y September +0.2% 0.0%
08:00 China New Loans September 711 669
09:00 Eurozone Industrial production, (MoM) August -1.5% +0.8%
09:00 Eurozone Industrial Production (YoY) August -2.1% -2.5%
09:00 Eurozone Eurogroup Meetings
12:00 Canada Bank holiday
21:45 New Zealand REINZ Housing Price Index, m/m September +2.1%