The dollar is essential, and, at the same time, fell sharply against most major currencies. The sudden surge of interest in the purchase raised the EUR / USD pair to week highs near 1.3355, but now the price has moved a few pips of the maximum values. Perhaps breakthrough single currency was associated with an attempt to break through the $ 1.3300. Although the catalyst of this movement is still unclear, traders talk of stops triggered after the USD / JPY fell to session lows at Y97.30.

Note that until such a sharp movement of the dollar showed significant gains against the euro, which has been associated with the release of U.S. data.

According to a survey released by the Federal Reserve Bank of Philadelphia, the activity in the industry in August, below expectations.

The volume of industrial production in the U.S. in July, has not grown, but that was expected. More detailed data Philadelphia Fed survey can be seen as a sign of early completion of growth. After a number of positive statistics is likely to disappoint investors and led to the liquidation of long positions in the dollar. Perhaps waiting for the start of reduction of redemption of bonds by the Fed changed. Yesterday's speech Bullard was conceived in favor of reducing the probability of a repurchase program is not in September and October. He warned of the need to take into account low inflation and weaker-than-expected data from the manufacturing sector.

Note that the sharp depreciation of the U.S. currency was marked against the pound, which also has no obvious explanation. We add that in the first half of the session helped the pound data showed that retail sales rose sharply in July, buoyed by the warm weather. These data are the new sign of recovery of the British economy.

According to the report, retail sales in July rose by 1.1% compared with the previous month and by 3% compared with the same period last year. Increase in the overall index contributed to an increase in sales of summer clothes, food and alcoholic drinks, while the British enjoyed a period of warm weather. Economists had expected sales to rise by 0.7% and 2.5%, respectively. These data have become the latest signal that the economic situation in the UK is improving after several years, during which time she was on the brink of stagnation.

Annual sales growth was the strongest since January 2011. For the three month period ending in July, retail sales rose by 2.2% compared with the same period last year, and it was the biggest increase since March 2008

EUR/USD $1.3140, $1.3250, $1.3275, $1.3305, $1.3330

USD/JPY Y97.10, Y98.10, Y98.90, Y99.50, Y99.75

EUR/JPY Y131.85

GBP/USD $1.5425, $1.5515, $1.5545

EUR/GBP stg0.8550, stg0.8640, stg0.8650

USD/CHF Chf0.9240

EUR/CHF Chf1.2395, Chf1.2600

AUD/USD $0.9100, $0.9180

USD/CAD C$1.0185

First-time claims for U.S. unemployment benefits fell by more than expected in the week ended August 10th, according to a report released by the Labor Department on Thursday, with jobless claims falling to their lowest level in over five years.

The Labor Department said initial jobless claims fell to 320,000, a decrease of 15,000 from the previous week's revised figure of 335,000. Economists had expected jobless claims to edge down to 330,000 from the 333,000 originally reported for the previous week.

With the bigger than expected decrease, initial jobless claims fell to their lowest level since hitting 316,000 in the week ended October 6, 2007.

EUR/USD

Offers $1.3410/20, $1.3390/400, $1.3370, $1.3345/50, $1.3310/20

Bids $1.3285/80, $1.3250, $1.3235/30, $1.3215-00, $1.3190

GBP/USD

Offers $1.5680, $1.5640/50, $1.5615/20, $1.5595/60

Bids $1.5500, $1.5485/80, $1.5455/50, $1.5420, $1.5405/00, $1.5390

AUD/USD

Offers $0.9300, $0.9250, $0.9220/25, $0.9200/05

Bids $0.9100, $0.9085/80, $0.9050, $0.9020, $0.9000

EUR/GBP

Offers stg0.8665, stg0.8640/45, stg0.8620/30, stg0.8580/85

Bids stg0.8520, stg0.8500, stg0.8485/80, stg0.8470

EUR/JPY

Offers Y131.20, Y131.00, Y130.45/50

Bids Y129.50, Y129.25/20, Y129.00, Y128.80

USD/JPY

Offers Y99.00, Y98.50, Y98.00/10

Bids Y97.50, Y97.20, Y97.00, Y96.85/80, Y96.50

Inflation expectations among Australian consumers declined in August, a survey by the Melbourne Institute showed Thursday.

The expected inflation rate fell to 2.3 percent in August from 2.6 percent in July. The expectations remained within the Reserve Bank of Australia's target of 2-3 percent.

The fall in the expected inflation rate, despite the latest cut in cash rate and the recent depreciation of the Australian dollar, signals that consumers expect weak to moderate economic activity in the coming months, Viet Nguyen, a Research Fellow at the Melbourne Institute, said.

EUR/USD $1.3140, $1.3250, $1.3275, $1.3305, $1.3350

USD/JPY Y97.10, Y98.10, Y98.90, Y99.50, Y99.75

EUR/JPY Y131.85

GBP/USD $1.5425, $1.5515, $1.5545

EUR/GBP stg0.8550, stg0.stg0.8640, stg0.8650

USD/CHF Chf0.9240

EUR/CHF Chf1.2395, Chf1.2600

AUD/USD $0.9100, $0.9180

USD/CAD C$1.0185

01:00 Australia Consumer Inflation Expectation August +2.6% +2.3%

The dollar declined versus most of its 16 major peers after a U.S. central bank official cautioned against excessive optimism over the economy.

The Bloomberg U.S. Dollar Index fell after Federal Reserve Bank of St. Louis President James Bullard said yesterday policy makers should be careful in changing course based solely on their economic forecasts. Federal Open Market Committee forecasts “have tended to be too optimistic over the last several years,” Bullard said in a speech in Paducah, Kentucky. “Given this experience, I think caution is warranted in taking policy action based on forecasts alone.”

Economists predict a report today will show gains in U.S. consumer prices slowed last month. The Labor Department may say today inflation in the world’s biggest economy, as measured by consumer prices, probably climbed 0.2 percent in July after a 0.5 percent gain a month earlier, a separate Bloomberg News poll showed.

The yen gained as Japanese stocks slid after a government official said Prime Minister Shinzo Abe hasn’t given instructions to lower the nation’s corporate tax. Japan’s Chief Cabinet Secretary Yoshihide Suga said today Abe hasn’t given instructions to lower the corporate tax. The Nikkei newspaper reported on Aug. 13 that the prime minister has called for a study to reduce the levy.

EUR / USD: during the Asian session the pair rose to $ 1.3310

GBP / USD: during the Asian session the pair rose to $ 1.5540

USD / JPY: during the Asian session the pair fell to Y97.55

The UK calendar sees the release of the July retail sales data at 0830GMT. Private sector surveys point to strong retail sales growth in July, with the aggressive summer discounting on footwear and clothing set to have boosted volumes. The near month-long heatwave is also seen boosting sales. Analysts are looking for a total month on month increase of 0.9% and an annualised rise of 2.8%.

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

EUR/USD $1,3257 -0,02%

GBP/USD $1,5504 +0,37%

USD/CHF Chf0,9350 +0,20%

USD/JPY Y98,00 -0,24%

EUR/JPY Y129,94 -0,26%

GBP/JPY Y151,93 +0,36%

AUD/USD $0,9124 +0,27%

NZD/USD $0,8030 +0,81%

USD/CAD C$1,0339 -0,03%

01:00 Australia Consumer Inflation Expectation August +2.6% +2.3%

08:30 United Kingdom Retail Sales (MoM) July +0.2% +0.7%

08:30 United Kingdom Retail Sales (YoY) July +2.2% +2.4%

12:15 U.S. FOMC Member James Bullard Speaks

12:30 U.S. NY Fed Empire State manufacturing index August 9.46 10.2

12:30 U.S. Initial Jobless Claims August 333 334

12:30 U.S. Capacity Utilization July 77.8% 77.9%

12:30 U.S. CPI, m/m July +0.5% +0.2%

12:30 U.S. CPI, Y/Y July +1.8% +2.0%

12:30 U.S. CPI excluding food and energy, m/m July +0.2% +0.2%

12:30 U.S. CPI excluding food and energy, Y/Y July +1.6% +1.7%

13:00 U.S. Total Net TIC Flows June 56.4

13:00 U.S. Net Long-term TIC Flows June -27.2 31.3

13:15 U.S. Industrial Production (MoM) July +0.3% +0.5%

14:00 U.S. Philadelphia Fed Manufacturing Survey August 19.8 15.6

14:00 U.S. NAHB Housing Market Index August 57

14:30 Canada Bank of Canada Review Quarter III