EUR/USD $1.3300, $1.3340, $1.3350, $1.3370/75, $1.3400, $1.3410, $1.3450

USD/JPU Y98.00, Y98.75, Y99.00(large), Y99.30/35, Y99.40, Y99.50, Y99.60, Y100.00

GBP/USD $1.5800, $1.5900, $1.5925, $1.6000

GBP/AUD A$1.7080

USD/CHF Chf0.9350

AUD/USD $0.9230, $0.9240, $0.9250, $0.9350, $0.9355

Data

00:00 Australia Conference Board Australia Leading Index July -0.2% +0.3%

00:30 Australia Leading Index July 0.0% +0.6%

01:30 Australia RBA Assist Gov Edey Speaks

01:30 China Property Prices, y/y August +7.5% +8.3%

08:30 United Kingdom Bank of England Minutes

09:00 Eurozone Construction Output, m/m July +0.7% +0.3%

09:00 Eurozone Construction Output, y/y July -3.0% -1.2%

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) September 7.2 20.0 16.3

The dollar holds tight against the euro , as many market participants are waiting for the announcement of the results of the two-day meeting of the FOMC. It should be noted that today, the U.S. Federal Reserve is expected to begin a retreat from the ultra - loose monetary policy through the small decline in bond purchases , while stressing that interest rates will remain at a level close to zero for a long time. Most economists expect the Fed will roll monthly purchase by a modest $ 10 billion to total $ 75 billion , which would signal the beginning of the end of an unprecedented monetary expansion , the effect of which is felt throughout the world.

The Fed will announce its decision after a two-day meeting at 18:00 GMT, and half an hour later , Fed Chairman Ben Bernanke will hold a press conference. It is also planned publication of the quarterly forecast.

We also add that the course of trade no tar even have an impact on euro area data , which showed that by the end of July construction output in the euro zone rose again , although recorded at a slower pace than the previous month , but in spite of this, he showed fourth monthly increase in a row. We also add that , combined with the upward revision of indicators over the past two months , we can assume that the sector continues to recover from an unusually cold winter in much of the currency bloc .

According to the report , the July construction output rose a seasonally adjusted 0.3% ( on a monthly basis ) , compared with a revised upward figure for June and May - to the level of 0.9 % (originally 0.7%) and 0.8 % (initially 0.5 %), respectively .

The pound rose significantly against the dollar, which was associated with the publication of the protocol of the Bank of England. This month, members of the Committee of the Bank of England voted unanimously to maintain the policy unchanged. In August, some members of the Monetary Committee saw a " compelling " case for policy easing , but Minutka meeting, which was held on September 3-4 , showed that " no member believes that additional incentives would be appropriate at the present time ."

In the report , published today, also says that politicians have voted " 9-0 " for the conservation program of bond purchases at around 375 billion pounds ( 598 billion dollars) and for keeping interest rates unchanged at a record low of 0.5 percent.

In recent months, the UK economy has shown signs of strengthening , and employees of the Bank of England is now expected to rise by 0.7 percent in the quarter, compared to 0.5 percent last month . MPC, led by Mark Carney pledged to keep interest rates low for as long as the unemployment rate drops to 7 percent. Investors believe that the MPC will have to increase its key interest rate earlier than projected policy. The Bank of England also noted that there are tentative signs that the amount of spare capacity companies may start to decline.

EUR / USD: during the European session, the pair is trading in a narrow range

GBP / USD: during the European session, the pair rose to $ 1.5978

USD / JPY: during the European session, the pair fell Y9.77, then rebounded to Y99.00

At 12:30 GMT the United States , there are data on the volume of building permits issued and the number of Housing Starts in August. At 18:00 GMT the United States will present an economic forecast from the FOMC in September. At 18:00 GMT the United States will publish the FOMC decision on the basic interest rate as well as the accompanying statement will be released FOMC. At 18:30, the U.S. will be a press conference of the Federal Reserve System . At 22:45 GMT New Zealand will report on changes in the volume of GDP for the 2nd quarter . At 23:50 GMT Japan will release a report on the overall balance of foreign trade in August.

EUR/USD

Offers $1.3450/55, $1.3410, $1.3385/400, $1.3370

Bids $1.3325/20, $1.3305/00, $1.3290, $1.3260/50, $1.3240/30

GBP/USD

Offers stg0.8520, stg0.8460/65, stg0.8440/50, stg0.8425/30, stg0.8411

Bids stg0.8360, stg0.8350, stg0.8320, stg0.8300

AUD/USD

Offers $0.9500, $0.9470/75, $0.9440-60, $0.9415/20, $0.9400, $0.9370/80

Bids $0.9285/80, $0.9270, $0.9250, $0.9225/20

EUR/GBP

Offers stg0.8520, stg0.8460/65, stg0.8440/50, stg0.8425/30, stg0.83995

Bids stg0.8360, stg0.8350, stg0.8320, stg0.8300

EUR/JPY

Offers Y134.60, Y134.30/40, Y133.80, Y133.50, Y133.00/10, Y132.60/80

Bids Y131.60, Y131.30/20, Y130.80, Y130.00/9.80

USD/JPY

Offers Y100.60/65, Y100.20/50, Y100.00, Y99.98, Y99.40/50

Bids Y98.70/50, Y98.25/20, Y98.00, Y97.65

EUR/USD $1.3300, $1.3340, $1.3350, $1.3370/75, $1.3400, $1.3410, $1.3450

USD/JPU Y98.00, Y98.75, Y99.00(large), Y99.30/35, Y99.40, Y99.50, Y99.60,

Y100.00

GBP/USD $1.5800, $1.5900, $1.5925, $1.6000

GBP/AUD A$1.7080

USD/CHF Chf0.9350

AUD/USD $0.9230, $0.9240, $0.9250, $0.9350, $0.9355

00:00 Australia Conference Board Australia Leading Index July -0.2% +0.3%

00:30 Australia Leading Index July 0.0% +0.6%

01:30 Australia RBA Assist Gov Edey Speaks

01:30 China Property Prices, y/y August +7.5% +8.3%

The dollar held near the lowest in three weeks against the euro before the Federal Reserve concludes a two-day meeting today when policy makers will decide whether to slow its $85 billion of monthly asset purchases.

The Federal Open Market Committee will reduce Treasury purchases to $40 billion, while continuing to buy $40 billion of mortgage backed securities, according to the median estimates of economists surveyed by Bloomberg News. Fed policy makers have pledged to keep the benchmark interest rate near zero at least as long as unemployment exceeds 6.5 percent and the outlook for inflation is no more than 2.5 percent. The central bank will release its 2016 economic projections today, including the outlook for the benchmark rate.

The pound held a two-day loss against the euro before the Bank of England releases minutes of its last meeting. In the U.K., the Monetary Policy Committee on Sept. 5 held the target for asset purchases at 375 billion pounds ($596 billion) and kept its key interest rate at a record low 0.5 percent. Governor Mark Carney and colleagues provided an assessment of forward guidance last month and said they don’t intend to raise the rate until unemployment falls to 7 percent, adding that they don’t see that happening before late-2016.

The yen weakened against most major peers as stock gains curbed demand for haven assets.

EUR / USD: during the Asian session the pair is trading around the $ 1.3350

GBP / USD: during the Asian session, the pair is trading around the $ 1.5900

USD / JPY: during the Asian session the pair rose to Y99.30

The UK calendar sees the release of the BOE minutes from the September meet and will underline whether the MPC remains inline with Governor Carney on forward guidance. The numbers are expected at 0830GMT. The MPC decided to leave Bank Rate on hold at its record low level of 0.5% and quantitative easing unchanged at Stg375 billion at the meeting. It will be interesting to see if the minutes show any MPC members leaning towards voting for more QE.

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

EUR/USD $1,3358 +0,17%

GBP/USD $1,5907 +0,07%

USD/CHF Chf0,9257 -0,16%

USD/JPY Y99,12 +0,04%

EUR/JPY Y132,43 +0,21%

GBP/JPY Y157,66 +0,10%

AUD/USD $0,9355 +0,38%

NZD/USD $0,8233 +0,73%

USD/CAD C$1,0296 -0,25%

00:00 Australia Conference Board Australia Leading Index July -0.2%

00:30 Australia Leading Index July 0.0%

01:30 Australia RBA Assist Gov Edey Speaks

01:30 China Property Prices, y/y August +7.5%

08:30 United Kingdom Bank of England Minutes

09:00 Eurozone Construction Output, m/m July +0.7%

09:00 Eurozone Construction Output, y/y July -3.0%

09:00 Switzerland Credit Suisse ZEW Survey (Expectations) September 7.2 20.0

12:30 U.S. Building Permits, mln August 0.943 0.950

12:30 U.S. Housing Starts, mln August .896 0.923

14:30 U.S. Crude Oil Inventories September -0.2

14:40 Canada BOC Gov Stephen Poloz Speaks

18:00 U.S. Fed Interest Rate Decision 0.25% 0.25%

18:00 U.S. FOMC Economic Projections

18:00 U.S. FOMC Statement

18:30 U.S. Federal Reserve Press Conference

22:45 New Zealand GDP q/q Quarter II +0.3% +0.2%

22:45 New Zealand GDP y/y Quarter II +2.4% +2.3%

23:50 Japan Adjusted Merchandise Trade Balance, bln August -0.94 -0.82