Showed weak growth in the euro against the dollar, although it has lost some of the previously captured positions .
The U.S. dollar fell against most major currencies, although the magnitude of the decline was much less than yesterday . Factor was the weakening of the dollar demand for U.S. Treasurys , leading to a decline in yields in the dollar , and thus to reduce the relative attractiveness of the dollar.
The yield on 10 -year Treasury bonds reached a three-month low on Friday , as it is expected that the Fed will take the beginning of reduction program of "quantitative easing" at the beginning of 2014 or even mid- 2014
The economic calendar today , with the exception of data from China, did not provide the factors that could significantly affect the dollar . Change of China's GDP in the third quarter in line with expectations and confirmed the continued growth of the Chinese economy about the same rate that was in favor of increasing the appetite for risk , and thus sensitive to the level of risk currencies.
It is important for the dollar seems to yield data on employment in the U.S. in September, which is expected on Tuesday .
EUR/USD $1.3450, $1.3500, $1.3550, $1.3575, $1.3625, $1./3675, $1.3700, $1.3750
USD/JPY Y97.00, Y97.30, Y97.50, Y98.00, Y98.30, Y98.50, Y98.60, Y99.00
EUR/JPY Y134.00
GBP/USD $1.5900, $1.6225
USD/CHF Chf0.9100, Chf0.9150, Chf0.9200
EUR/CHF Chf1.2355
CHF/JPY Y108.00
AUD/USD $0.9500, $0.9575, $0.9600
NZD/USD $0.8400
USD/CAD C$1.0310, C$1.0365, C$1.0400
Data
01:00 Australia RBA's Governor Glenn Stevens Speech
02:00 China Retail Sales y/y September +13.4% +13.6% +13.3%
02:00 China Industrial Production y/y September +10.4% +10.1% +10.2%
02:00 China Fixed Asset Investment September +20.3% +20.4% +20.2%
02:00 China GDP y/y Quarter III +7.5% +7.8% +7.8%
06:35 Japan BOJ Governor Haruhiko Kuroda Speaks
The euro exchange rate is trading with a noticeable increase against the U.S. dollar , although it has lost some of the previously captured positions .
Today bearish pressure on the dollar strengthened across the board , throwing the euro and other high-risk assets to new heights. Macroeconomic calendar and the U.S., and Europe is now empty, that leaves a couple of players at the mercy of sentiment and risk appetite (which is increasing, making it possible to update highs in 2013 ) .
We also add that , in spite of a slight correction couple keeps fighting spirit against the fading interest of players to the U.S. in the light of the downgrade of the U.S. Chinese agency after reaching an agreement on the budget.
It is worth noting that today's statements by the Fed will cause market participants to catch every hint of further potential Fed actions in anticipation of the large block of macro-economic statistics for the U.S. , which will take place next week. In general, the market expects that the statistics will be released not too positive , in connection with what remains a strong possibility of further extension of the program QE3, which has an adverse effect on the U.S. currency .
The Australian dollar rose significantly against its U.S. counterpart , which has helped to publish data on China .
Data from the National Bureau of Statistics showed that China's economic growth accelerated in the third quarter, which was recorded for the first time in three quarters . Note that this improvement was supported by the efforts of politicians to restructure the economy to achieve sustainable growth in the long term.
According to the report , in the last quarter of the gross domestic product grew by 7.8 percent year on year , which was in line with the expectations of experts. We add that the last increase was faster than the increase of 7.5 percent in the second quarter and by 7.7 in the first quarter.
Another set of data from the Statistical Office showed that industrial production in China rose in September by 10.2 percent year on year, which was followed after an increase of 10.4 percent in August. The result , however , slightly exceeded the forecasts of experts at the level of 10.1 percent.
Also today, it was reported that retail sales in the country increased by 13.3 percent in September from a year earlier, it was a bit weaker than expected - at the level of 13.5 percent. We also recall that in August of this indicator increased by 13.4 percent.
Meanwhile, data showed that investment in fixed assets of the country grew by 20.2 percent in the first nine months of this year compared with the same period last year. It was only slightly below the forecast of economists - at the level of 20.4 percent.
EUR / USD: during the European session, the pair rose to $ 1.3705 , but then fell to $ 1.3674
GBP / USD: during the European session, the pair rose to $ 1.6225 , and then decreased slightly
USD / JPY: during the European session, the pair fell to Y97.55, but later was able to go back to Y97.72
At 12:30 GMT Canada will release the consumer price index for September.
EUR/USD
Offers $1.3745/50, $1.3720, $1.3702
Bids $1.3660-40, $1.3630/20, $1.3605/595, $1.3580, $1.3555/50
GBP/USD
Offers $1.6320/30, $1.6300, $1.6280, $1.6250/60, $1.6235/40
Bids $1.6130/20, $1.6100, $1.6060/50, $1.6020, $1.6000
AUD/USD
Offers $0.9800, $0.9762, $0.9750, $0.9700
Bids $0.9625/20, $0.9605/00, $0.9580, $0.9560/50
EUR/GBP
Offers stg0.8550/55, stg0.8520/30, stg0.8510, stg0.8490/500
Bids stg0.8445/40, stg0.8425/15, stg0.8400, stg0.8370/65
EUR/JPY
Offers Y135.00, Y134.80, Y134.50, Y134.15/20
Bids Y133.55/50, Y133.20, Y133.00, Y132.85/80
USD/JPY
Offers Y98.80, Y98.50, Y98.25/30, Y97.90/00
Bids Y97.50, Y97.20, Y97.10
EUR/USD $1.3450, $1.3500, $1.3550, $1.3575, $1.3625, $1./3675, $1.3700, $1.3750
USD/JPY Y97.00, Y97.30, Y97.50, Y98.00, Y98.30, Y98.50, Y98.60, Y99.00
EUR/JPY Y134.00
GBP/USD $1.5900, $1.6225
USD/CHF Chf0.9100, Chf0.9150, Chf0.9200
EUR/CHF Chf1.2355
CHF/JPY Y108.00
AUD/USD $0.9500, $0.9575, $0.9600
NZD/USD $0.8400
USD/CAD C$1.0310, C$1.0365, C$1.0400
Asian stocks rose, with the regional benchmark index heading toward a five-month high, as China reported economic growth accelerated, boosting the outlook for the global economy.
Nikkei 225 14,561.54 -24.97 -0.17 %,
Hang Seng 23,314.06 +219.18 +0.95 %
S&P/ASX 200 5,321.5 +38.40 +0.73 %
Shanghai Composite 2,193.78 +5.24 +0.24 %
Sands China Ltd. jumped 9 percent toward a record in Hong Kong after the Macau casino operator controlled by billionaire Sheldon Adelson reported profit that beat analyst estimates.
Newcrest Mining Ltd. , Australia’s biggest gold producer, rose 5.3 percent as the bullion traded near a two-week high.
SBI Holdings Inc. fell 3 percent after the Japanese brokerage said it plans to sell convertible bonds.
The dollar was set for a weekly drop versus its 16 major counterparts as Federal Reserve officials signal a delay in stimulus reduction before reports next week that may show U.S. home sales and confidence declined. Sales of previously owned homes in the U.S. probably declined 3.3 percent last month, according to the median estimate of economists surveyed by Bloomberg News before an Oct. 21 report by the National Association of Realtors. If confirmed, that would be the biggest monthly drop since June 2012.
A final reading of the Thomson Reuters/University of Michigan consumer sentiment index on Oct. 25 may show a decline to 75 this month, a separate poll shows. That compares with an initial estimate for a drop to 75.2, the weakest in nine months.
A non-farm payrolls report for September, among the data releases delayed as an impasse among U.S. lawmakers kept the government shut for 16 days, will be published on Oct. 22. Analysts surveyed by Bloomberg predict employers added 180,000 jobs last month after boosting positions by 169,000 in August.
The Bloomberg U.S. Dollar Index remained weaker after its lowest close in eight months, after a deal by Congress to extend funding and debt-limit deadlines into next year reopened the government and buoyed higher-yielding assets.
The Aussie pared losses after China’s National Bureau of Statistics said gross domestic product rose 7.8 percent in the three months through September from a year earlier, after climbing 7.5 percent in the previous period. The figure matches estimates by economists in a Bloomberg survey.
EUR / USD: during the Asian session the pair retreated to $ 1.3660
GBP / USD: during the Asian session, the pair fell to $ 1.6140
USD / JPY: during the Asian session the pair rose to Y98.15
There is a much quieter data calendar Friday, although Fed speakers are again to the fore, as the US central bank holds a conference in Washington. Although the US government is again functioning on all cylinders, the catch-up with delayed data doesn't start until next week, when the jobs data is set for release on Tues Oct 22. Friday's European calendar starts at 0800GMT, with the release of the September current account data. There is a host of UK data set for release at 0830GMT, including the September CML mortgage lending data, the September BOE capital issuance data and the September BOE Trends in Lending numbers. There is more eurozone data set for release at 0900GMT, when the September trade balance will cross the wires. There is no sovereign issuance planned for Friday. There is a much quieter data calendar Friday, although Fed speakers are again to the fore, as the US central bank holds a conference in Washington. Although the US government is again functioning on all cylinders, the catch-up with delayed data doesn't start until next week, when the jobs data is set for release on Tues Oct 22. At 1200GMT, Richmond Federal Reserve Bank President Jeffrey Lacker opens the Fed's conference on resolution of systemically important banks, in Washington. There is no US data set for release, but Canadian September CPI data will be released at 1230GMT. Back in the States, from 1700GMT, Federal Reserve Gov Daniel Tarullo will deliver a speech at the Fed's Washington conference. At 1800GMT, Chicago Federal Reserve Bank President Charles Evans will deliver a speech on the economy and monetary policy in Chicago. New York Fed President William Dudley will speak at 1940GMT at the Fed's Washington conference. The last Fed speaker sees Federal Reserve Gov. Jeremy Stein deliver a speech on managing financial imbalances, in Boston.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3672 +1,02%
GBP/USD $1,6161 +1,27%
USD/CHF Chf0,9025 -1,21%
USD/JPY Y97,89 -0,93%
EUR/JPY Y133,87 +0,13%
GBP/JPY Y158,20 +0,38%
AUD/USD $0,9626 +0,71%
NZD/USD $0,8478 +0,64%
USD/CAD C$ 1,0295 -0,30%
01:00 Australia RBA's Governor Glenn Stevens Speech
02:00 China Retail Sales y/y September +13.4% +13.6%
02:00 China Industrial Production y/y September +10.4% +10.1%
02:00 China Fixed Asset Investment September +20.3% +20.4%
02:00 China GDP y/y Quarter III +7.5% +7.8%
06:35 Japan BOJ Governor Haruhiko Kuroda Speaks
12:30 Canada Consumer Price Index m / m September 0.0% +0.1%
12:30 Canada Consumer price index, y/y September +1.1% +1.0%
12:30 Canada Bank of Canada Consumer Price Index Core, m/m September +0.2% +0.2%
12:30 Canada Bank of Canada Consumer Price Index Core, y/y September +1.3% +1.3%
14:00 U.S. Leading Indicators September +0.7% +0.7%
18:00 U.S. FOMC Member Charles Evans Speaks
19:40 U.S. FOMC Member Dudley Speak