The U.S. dollar fell against most major currencies despite the agreement on the U.S. budget , in which it agreed to fund the government until January 15, and the extension of the debt ceiling until February 7 . Facilitating the players on this decision was short-lived , as less than 3 months later the Americans will solve the fundamental problem of the new spending and the deficit.

The agreement prompted traders and investors to reconsider their predictions as to when the U.S. Federal Reserve will begin to phase out its program to stimulate the economy - at least in 2014.

Expectations about what the Fed will maintain its economic stimulus program for a longer period of time, putting pressure on the dollar , providing support for risk sensitive currencies and currencies of emerging markets.

Euro jumped 0.9% against the U.S. dollar to a new 8 -month high of 1.3680 dollars.

In addition , we add that the pressure on the U.S. currency also had a message saying that today the Chinese rating agency Dagong announced its decision to downgrade the U.S. credit rating by one position to A- from A, leaving a negative outlook . In its decision, the agency referred to concerns about the country's ability to solve the problem of the debt crisis , as well as the damage done to the economy long " shatdaunom " government.

" So , the U.S. government continues to stand on the brink of default crisis , and in the foreseeable future, this situation will not change significantly ," - said in a statement accompanying Dagong.

Despite the fact that the solutions Dagong is not as important as the actions of Fitch, Moody's or Standard & Poor's, today's event is characterized by a rather symbolic value , says Reuters. There are also rumors about the intention Fitch will soon follow the example of Dagong.

The pound rose sharply against the dollar , helped by the publication of data on Britain. The Office for National Statistics said that the results of last month, the volume of retail sales rose moderately , thereby exceeded the forecasts of experts.

According to the report , the September volume of retail sales increased by 0.6 % ( on a monthly basis ), which followed a decline of 0.8 % in the previous month. Many experts believed that this figure will rise to 0.5 %.

In addition, we add that annualized retail sales rose last month by 2.2 %, compared with a gain of 2.1 % in August , and the experts' forecasts at 2.0 %.

The Office for National Statistics reported that the sales of furniture accounted for half of the total monthly rise , making it possible to add about 0.3 percentage points.

Meanwhile , sales in the food industry have decreased in September by 0.2 % , while continuing to decline at 2.5% , which was recorded in August. Compared to the same period last year, sales of food products fell by 0.6 % , after falling 0.5 % in August.

The data also showed that with the exception of fuel, total sales rose by 0.7 % between August and September and by 2.8 % compared with September 2012 .

EUR/USD $1.3400, $1.3450, $1.3500, $1.3525, $1.3535, $1.3650

USD/JPY Y97.50, Y87.70, Y97.85, Y98.00, Y98.75, Y98.80, Y98.90

GBP/USD $1.5900, $1.5920, $1.5930, $1.5960-65, $1.6000(large), $1.6050

EUR/GBP stg0.8460, stg0.8560

USD/CHF Chf0.9150

AUD/USD $0.9440, $0.9475, $0.9480, $0.9500, $0.9510, $0.9520, $0.9550

AUD/JPY Y93.00, Y93.75, Y94.00, Y95.00

USD/CAD C$1.0310, C$1.0385, C$1.0400

Data

00:30 Australia NAB Quarterly Business Confidence Quarter III -1 3

08:00 Eurozone Current account, adjusted, bln August 16.9 17.7 17.4

08:30 United Kingdom Retail Sales (MoM) September -0.9% +0.5% +0.6%

08:30 United Kingdom Retail Sales (YoY) September +2.1% +2.0% +2.2%

The euro exchange rate against the dollar has increased significantly , jumping to a new 8 - month highs , despite the agreement on the U.S. budget , in which it agreed to fund the government until January 15, and the extension of the debt ceiling until February 7 . Facilitating the players on this decision was short-lived , as less than 3 months later the Americans will solve the fundamental problem of the new spending and the deficit.

In addition , we add that the pressure on the U.S. currency also had a message saying that today the Chinese rating agency Dagong announced its decision to downgrade the U.S. credit rating by one position to A- from A, leaving a negative outlook . In its decision, the agency referred to concerns about the country's ability to solve the problem of the debt crisis , as well as the damage done to the economy long " shatdaunom " government.

" So , the U.S. government continues to stand on the brink of default crisis , and in the foreseeable future, this situation will not change significantly ," - said in a statement accompanying Dagong.

Despite the fact that the solutions Dagong is not as important as the actions of Fitch, Moody's or Standard & Poor's, today's event is characterized by a rather symbolic value , says Reuters. There are also rumors about the intention Fitch will soon follow the example of Dagong.

The pound rose sharply against the dollar , helped by the publication of data on Britain. The Office for National Statistics said that the results of last month, the volume of retail sales rose moderately , thereby exceeded the forecasts of experts , which helped by higher sales .

According to the report , the September volume of retail sales increased by 0.6 % ( on a monthly basis ), which followed a decline of 0.8 % in the previous month. Many experts believed that this figure will rise to 0.5 %.

In addition, we add that annualized retail sales rose last month by 2.2 %, compared with a gain of 2.1 % in August , and the experts' forecasts at 2.0 %.

The Office for National Statistics reported that the sales of furniture accounted for half of the total monthly rise , making it possible to add about 0.3 percentage points.

Meanwhile , sales in the food industry mainly decreased in September by 0.2 % , while continuing to decline at 2.5% , which was recorded in August. Compared to the same period last year, sales of food products fell by 0.6 % , after falling 0.5 % in August.

The data also showed that with the exception of fuel, total sales rose by 0.7 % between August and September and by 2.8 % compared with September 2012 .

EUR / USD: during the European session, the pair rose to $ 1.3662

GBP / USD: during the European session, the pair rose to $ 1.6108

USD / JPY: during the European session, the pair fell to Y97.79

At 12:30 GMT Canada will present data on the volume of transactions with foreign securities in August , and the U.S. will report the volume of building permits issued and the number of Housing Starts in September. At 14:00 GMT the United States will present the production , Philadelphia Fed index for October.

EUR/USD

Offers $1.3650, $1.3646, $1.3638

Bids $1.3600, $1.3585/80, $1.3555/50, $1.3465/60, $1.3440/35, $1.3420

GBP/USD

Offers stg0.8550/55, stg0.8520/30, stg0.8510, stg0.8495/500

Bids stg0.8445/40, stg0.8425/15, stg0.8400, stg0.8370/65

AUD/USD

Offers $0.9700, $0.9650, $0.9641, $0.9620

Bids $0.9560/50, $0.9500, $0.9480, $0.9435/30

EUR/GBP

Offers stg0.8550/55, stg0.8520/30, stg0.8495/500

Bids stg0.8445/40, stg0.8425/15, stg0.8400, stg0.8370/65

EUR/JPY

Offers Y134.50, Y134.38, Y133.90/00

Bids Y133.20, Y133.00, Y132.85/80, Y132.50

USD/JPY

Offers Y99.20/30, Y99.00, Y98.80, Y98.50

Bids Y97.70, Y97.50, Y97.35, Y97.20

European stocks fell from a five-year high as companies from Sulzer (SUN) AG to Outotec Oyj lowered their financial targets, while a Chinese rating company downgraded the American government’s debt. U.S. index futures also retreated, while Asian shares rose.

The Stoxx Europe 600 Index lost 0.3 percent to 314.71 at 10:24 a.m. in London as more than two stocks dropped for every one that climbed. The equity benchmark rose to its highest level since June 2008 yesterday on optimism U.S. lawmakers would reach a deal to reopen the government and increase the debt ceiling.

In the U.S., President Barack Obama signed into law a measure to extend the nation’s borrowing authority into early 2014 and end the government shutdown that started Oct. 1. The deal avoided a default and means that federal workers will return to their jobs from today.

Dagong Global Credit Rating downgraded the U.S. to A- from A and reiterated its negative outlook on the government of the world’s largest economy. The rating company said the U.S. will struggle to avoid repeating this week’s political impasse over the limit on sovereign debt, according to a statement.

Sulzer fell 4.8 percent to 131.70 Swiss francs after predicting that 2013 sales will probably not exceed the 4.02 billion francs ($4.4 billion) generated in 2012. The pump manufacturer predicted slight growth for revenue this year when it reported half-year results on July 23. That was a downgrade from an earlier forecast for moderate growth.

Outotec slumped 12 percent to 8.58 euros. The Finnish company forecast that it will generate no more than 2.1 billion euros ($2.9 billion) in sales in 2013 because its order intake has declined in the first nine months of this year. Outotec had predicted revenue of as much as 2.3 billion euros.

Nutreco NV slid 3.9 percent to 36.27 euros after the world’s largest supplier of fish feed forecast earnings before interest, taxes and amortization of about 255 million euros in 2013. The company had predicted it would at least match last year’s 262.1 million euros.

FTSE 100 6,562.46 -9.13 -0.14%

CAC 40 4,224.01 -19.71 -0.46%

DAX 8,803.35 -42.65 -0.48%

EUR/USD $1.3400, $1.3450, $1.3500, $1.3525, $1.3535, $1.3650

USD/JPY Y97.50, Y87.70, Y97.85, Y98.00, Y98.75, Y98.80, Y98.90

GBP/USD $1.5900, $1.5920, $1.5930, $1.5960-65, $1.6000(large), $1.6050

EUR/GBP stg0.8460, stg0.8560

USD/CHF Chf0.9150

AUD/USD $0.9440, $0.9475, $0.9480, $0.9500, $0.9510, $0.9520, $0.9550

AUD/JPY Y93.00, Y93.75, Y94.00, Y95.00

USD/CAD C$1.0310, C$1.0385, C$1.0400

The dollar and euro touched three-week highs versus the yen as Congress voted in favor of a deal to end a U.S. government shutdown and raise the debt limit, damping demand for haven assets. The Senate voted 81-18 to halt the 16-day shutdown and raise the borrowing limit. The House of Representatives voted 285-144 to clear a measure that now heads to President Barack Obama for his signature. Obama plans to sign the bill tonight, Sylvia Mathews Burwell, director of the Office of Management and Budget, said in a statement. The framework negotiated by Senate Majority Leader Harry Reid, a Democrat, and Minority Leader Mitch McConnell, a Republican, would fund the government through Jan. 15, 2014, and suspend the debt limit until Feb. 7, setting up another round of confrontations then.

The yen held losses from yesterday against its U.S. and European peers as Asian stocks rose.

The Fed Bank of Philadelphia’s general economic index probably fell to 15 in October from 22.3 the previous month, a report today is forecast to show, according to the median in a Bloomberg News survey. Readings greater than zero signal growth. The Empire State index for the New York region sank to 1.5 this month, a five-month low, an Oct. 15 report showed.

Policy makers including Fed Bank of New York President William Dudley speak today.

EUR / USD: during the Asian session the pair rose to $ 1.3550

GBP / USD: during the Asian session, the pair rose to $ 1.5985

USD / JPY: during the Asian session the pair rose to Y99.00

The UK calendar gets underway at 0830GMT, with the release of the September retail sales data.

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

EUR/USD $1,3533 +0,07%

GBP/USD $1,5956 -0,25%

USD/CHF Chf0,9134 +0,11%

USD/JPY Y98,80 +0,60%

EUR/JPY Y133,69 +0,65%

GBP/JPY Y157,60 +0,33%

AUD/USD $0,9558 +0,28%

NZD/USD $0,8424 +0,33%

USD/CAD C$1,0326 -0,48%

00:30 Australia NAB Quarterly Business Confidence Quarter III -1

08:00 Eurozone Current account, adjusted, bln August 16.9 17.7

08:30 United Kingdom Retail Sales (MoM) September -0.9% +0.5%

08:30 United Kingdom Retail Sales (YoY) September +2.1% +2.0%

12:30 Canada Foreign Securities Purchases August 6.09 7.21

12:30 U.S. Initial Jobless Claims October 374 357

14:00 U.S. Philadelphia Fed Manufacturing Survey October 22.3 15.4

14:30 U.S. Crude Oil Inventories October +6.8

16:45 U.S. FOMC Member Charles Evans Speaks

16:45 U.S. FOMC Member Esther George Speaks