France's Hollande names Bernard Cazeneuve Budget Minister
EUR/USD $1.2900, $1.2925, $1.3000, $1.3065, $1.3140, $1.3150
USD/JPY Y94.20, Y94.30, Y94.50, Y95.00, Y95.25, Y95.60, Y96.00, Y96.50
GBP/USD $1.5000, $1.5100, $1.5170
AUD/USD $1.0330, $1.0400, $1.0425
Data
00:30 Australia RBA Meeting's Minutes March
02:00 China Leading Index February 1.3% 1.3%
09:30 United Kingdom Retail Price Index, m/m February -0.4% +0.9% +0.7%
09:30 United Kingdom Retail prices, Y/Y February +3.3% +3.3% +3.2%
09:30 United Kingdom RPI-X, Y/Y February +3.3% +3.3% +3.2%
09:30 United Kingdom Producer Price Index - Input (MoM) February +1.3% +1.6% +3.2%
09:30 United Kingdom Producer Price Index - Input (YoY) February +1.8% +0.8% +2.5%
09:30 United Kingdom Producer Price Index - Output (MoM) February +0.2% +0.3% +0.8%
09:30 United Kingdom Producer Price Index - Output (YoY) February +2.0% +1.8% +2.3%
09:30 United Kingdom HICP, m/m February -0.5% +0.7% +0.7%
09:30 United Kingdom HICP, Y/Y February +2.7% +2.8% +2.8%
09:30 United Kingdom HICP ex EFAT, Y/Y February +2.3% +2.2% +2.3%
10:00 Germany ZEW Survey - Economic Sentiment March 48.2 47.9 48.5
10:00 Eurozone ZEW Economic Sentiment March 42.4 43.7 33.4
10:00 Eurozone Construction Output, m/m January +0.3% -1.4%
10:00 Eurozone Construction Output, y/y January -4.6% -7.3%
10:00 Eurozone ECB President Mario Draghi Speaks March
10:30 United Kingdom BOE Inflation Letter March
The euro fell sharply against the dollar, in the second half of the day was able to restore most of the positions. Note that today at 16.00 GMT in the Cyprus Parliament will vote on a controversial rescue package. President Nikos Anastasiadis has already indicated that the plan was not supported, and the Government is working on a "plan B". According to reports, Cyprus prone to exemption from tax on deposits of less than 20 thousand euros. 6_75% tax will be introduced for depositors whose deposits range from 20 to 100 thousand euros, while the deposits of more than 100 thousand will be taxed at a rate of 9.9% and 12.5% - for deposits of more than 500 thousand euros. However, the head of the Central Bank of Cyprus has made it clear this morning that the output from the application of tax deposits of less than E20 thousand will cause the authorities to be able to collect the required amount of foreign creditors E5.8 billion by the end of yesterday's conference call said the Eurogroup that Cyprus will be able to mitigate the impact of the tax on savings for small savers. IMF chief K. Lagarde today also endorsed the idea. According to sources in the EU, Lagarde even proposed to impose the largest contributors tough tax of 30-40%.
The pound rose against the dollar, departing from the values of the session. Note that the data released today, which were presented by the Office for National Statistics showed that the annual inflation rate in the UK increased in February, while still achieving the highest level since May, which adds further pressure on household budgets and complicates the task of the Bank of England for the economic recovery . According to the report, the annual rate of inflation rose last month by 2.8%, compared with 2.7% in January, driven by rising prices for household gas and electricity, as well as the increase in the cost of gasoline. Note that, despite this increase, the value of the indicator is fully in line with the expectations of many experts. In addition, the report showed that on a monthly basis the value of the consumer price index rose 0.7%, which followed a decline of 0.5% in January. We also add that growth has coincided with the estimates of economists.
The New Zealand dollar fell after Finance Minister Bill English said the New Zealand dollar is overvalued. He also noted that low interest rates may remain that way for longer than previously thought.
EUR / USD: during the European session the pair fell to $ 1.2914, but later grew up, and is now trading at $ 1.2944
GBP / USD: during the European session the pair fell to $ 1.5071, and then rose to $ 1.5134
USD / JPY: during the European session the pair fell to Y95.20
At 12:30 GMT, Canada will announce the change of volume of production and the supply of wholesale change for January. At 12:30 GMT the U.S. will report the volume of building permits issued and the number of new foundations of bookmarks for February. At 20:30 GMT the U.S. will release data on the change in the volume of crude oil, according to the API for March. At 21:45 GMT New Zealand will report on the balance of the current account balance of payments on current account deficit to GDP for the 4th quarter. At 23:30 GMT Australia will provide an index of leading economic indicators from the Melbourne Institute in January.
EUR/USD
Offers $1.3040/50, $1.3010, $1.2980-00, $1.2970
Bids $1.2900, $1.2985/75, $1.2855-40
GBP/USD
Offers $1.5250/60, $1.5220/35, $1.5200, $1.5180, $1.5150/60
Bids $1.5070, $1.5050/40, $1.5010/00
AUD/USD
Offers $1.0490/00, $1.0455/60, $1.0450, $1.0415/20, $1.0405/10
Bids $1.0350, $1.0340/30, $1.0310/00, $1.0285/80, $1.0250
EUR/JPY
Offers Y124.80, Y124.45/50, Y124.20, Y124.00, Y123.65/70
Bids Y123.10/00, Y122.50, Y122.10/00, Y121.50
EUR/GBP
Offers stg0.8695/700, stg0.8680/85, stg0.8650, stg0.8595/600
Bids stg0.8535/30, stg0.8505/00, stg0.8450/40, stg0.8410/00
USD/JPY
Offers Y96.45/50, Y96.25/30, Y96.00, Y95.70/75
Bids Y95.10/00, Y94.90/85, Y94.50
EUR/USD $1.2900, $1.2925, $1.3000, $1.3065, $1.3140, $1.3150
USD/JPY Y94.20, Y94.30, Y94.50, Y95.00, Y95.25, Y95.60, Y96.00, Y96.50
GBP/USD $1.5000, $1.5100, $1.5170
AUD/USD $1.0330, $1.0400, $1.0425
00:30 Australia RBA Meeting's Minutes March
02:00 China Leading Index February 1,3% 1.3%
The yen declined versus all 16 major peers as Asian stocks rebounded from yesterday’s biggest drop in more than seven months, damping haven demand.
The currency weakened for the first time in four days against the dollar before a change of leadership at the Bank of Japan takes effect tomorrow amid expectations for policy easing.
The euro traded 0.6 percent from its lowest level this year before Cypriot lawmakers vote on how to spread the burden of a levy on bank depositors to help fund the nation’s bailout. Former European Central Bank Executive Board member Lorenzo Bini Smaghi said today the type of bailout used in Cyprus was unique and wouldn’t be applied to other nations needing international aid. A vote on the tax in the Cypriot parliament was delayed for a second day until today. The country’s banks will remain shut until March 21, a government official said.
New Zealand’s dollar fell after Finance Minister Bill English called the currency overvalued. New Zealand’s dollar declined as much as 0.3 percent to 82.42 U.S. cents, before trading 0.2 percent lower at at 82.54, after Finance Minister Bill English said in an interview with Bloomberg News that it was over-valued, and may correct when the U.S. economy picks up. He also said interest rates may stay lower for longer. Interest-rate swaps data compiled by Bloomberg show traders see an 88 percent chance the central bank will hold the benchmark rate steady at a record low of 2.5 percent through the Oct. 31 meeting, rather than raise it, up from 76 percent odds a week ago.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.2935-65.
GBP / USD: during the Asian session, the pair traded in the range of $ 1.5080-15.
USD / JPY: during the Asian session, the pair rose to Y95.75.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3074 +0,89%
GBP/USD $1,5106 -0,03%
USD/CHF Chf0,9460 +0,79%
USD/JPY Y95,28 +0,01%
EUR/JPY Y123,46 -0,88%
GBP/JPY Y143,91 -0,03%
AUD/USD $1,0400 -0,07%
NZD/USD $0,8263 -0,12%
USD/CAD C$1,0215 +0,23%00:30 Australia RBA Meeting's Minutes March
02:00 China Leading Index February 1,3% 1,3%
09:30 United Kingdom Retail Price Index, m/m February -0.4% +0.9%
09:30 United Kingdom Retail prices, Y/Y February +3.3% +3.3%
09:30 United Kingdom RPI-X, Y/Y February +3.3% +3.3%
09:30 United Kingdom Producer Price Index - Input (MoM) February +1.3% +1.6%
09:30 United Kingdom Producer Price Index - Input (YoY) February +1.8% +0.8%
09:30 United Kingdom Producer Price Index - Output (MoM) February +0.2% +0.3%
09:30 United Kingdom Producer Price Index - Output (YoY) February +2.0% +1.8%
09:30 United Kingdom HICP, m/m February -0.5% +0.7%
09:30 United Kingdom HICP, Y/Y February +2.7% +2.8%
09:30 United Kingdom HICP ex EFAT, Y/Y February +2.3% +2.2%
10:00 Germany ZEW Survey - Economic Sentiment March 48.2 47.9
10:00 Eurozone ZEW Economic Sentiment March 42.4 43.7
10:00 Eurozone Construction Output, m/m January -1.7%
10:00 Eurozone Construction Output, y/y January -4.8%
10:00 Eurozone ECB President Mario Draghi Speaks March
10:30 United Kingdom BOE Inflation Letter March
12:30 Canada Manufacturing Shipments (MoM) January -3.1% +0.5%
12:30 Canada Wholesale Sales, m/m January -0.9% +0.4%
12:30 U.S. Building Permits, mln February 0.925 0.925
12:30 U.S. Housing Starts, mln February 0.890 0.915
20:30 U.S. API Crude Oil Inventories March -1.4
21:45 New Zealand Current Account Quarter IV -4.42 -2.95
23:30 Australia Leading Index January +0.2%