The euro rose against the dollar, recovering with a minimum values ​​of the session in the absence of news in the United States. Note that a moderate impact on the bidding had data on producer prices in Germany. The Producer Price Index rose by 0.6 percent year on year in June after a 0.2 percent rise in May, the Federal Statistical Office. The growth rate in June was in line with economists' forecasts. Led the overall increase in the prices of consumer non-durable goods, which grew by 2.6 percent per year, while the price of capital goods rose by 0.8 percent. Expenditure on durable goods and energy prices were up 0.9 percent and 0.7 percent, respectively, compared to June 2012. On a monthly basis, producer prices were unchanged in June after a 0.3 percent decline the previous month. The index is forecast was reduced by 0.2 percent on a monthly basis.

We also note that the focus of the market is a 2-day summit of central bankers and finance ministers of the G-20. As the G20 draft communique published by the agency Reuters, the leaders gathered to declare their readiness to stimulate job growth through a series of structural reforms in the medium term. They stressed the need to stabilize the financial sector through the use of financial strategies, taking into account the particularities of each country.

Finance ministers and B20 have also said that they are determined to continue to progress, the changing balance of global demand, which requires a change in the balance within countries through structural reforms and exchange rate flexibility. In addition, they expressed their willingness to go to the exchange rate system more market-oriented and to refrain from devaluation, which aims to improve competitiveness. "

B20 also recalled that the Central Bank should carry out their mandates maintaining price stability and stimulate the economy. They stressed that the aggressive easing of monetary policy for an extended period may have negative effects.

The British Pound was higher against the U.S. dollar, which has been associated with the publication of a report by Britain. As it became known, in the UK public sector net borrowing excluding interventions fell to 8.5 billion pounds in June from 11.9 billion pounds a year earlier. This was reported by the Office for National Statistics. The budget deficit fell by 3.9 billion pounds of cash payments to the Fund's assets to the Government. If these transfers do not include government borrowings in June 2013 12.4 billion pounds.

In late June, the debt of the public sector, excluding the temporary effects of financial interventions was £ 1,202.8 billion, or 74.9% of GDP .. Published a report on the state of public finances in June, according to which, in June, net borrowing of the public sector, the preferred measure of the budget deficit amounted to 8.5 billion pounds against 11.9 billion pounds of debt in June of last year. However, the positive effect on the data for June has had a profit of the Bank of England in the amount of 3.9 billion pounds from operations to buy bonds.

The Canadian dollar strengthened against its U.S. counterpart, after the publication of the Canadian inflation data. The annual Canadian consumer price inflation accelerated in June to a four-month high due to higher cost of gasoline and cars. The value remains well below the 2% inflation target, without exerting any pressure on the central bank regarding the rate increase.

On a monthly measurement of consumer price index remained unchanged after the 0.2% rise in May, but compared to the previous year, the inflation rate accelerated to 1.2% from 0.7% reported Friday by Statistics Canada.

Consumer Price Index of the Bank of Canada, which excludes prices of energy and food, fell 0.2% on a monthly basis after the same growth the previous month. In annual terms, the core index rose 1.3% from 1.1%.

Canadian annual consumer prices accelerated in June to a four-month high driven by higher costs for gasoline and passenger vehicles, but remained well below the 2% inflation target, showing no pressure on the central bank to hike rates.
The monthly consumer price index was flat following a 0.2% rise in May, but the year-on-year rate quickened to 1.2% from 0.7%, Statistics Canada said Friday.
The core rate, which excludes some energy and food costs, dropped 0.2% on a monthly basis following a rise of that magnitude previously, and was up 1.3% year-on-year from 1.1%.

06:00 Germany Producer Price Index (MoM) June -0.3% -0.2% 0.0%

06:00 Germany Producer Price Index (YoY) June +0.2% +0.6% +0.6%

08:30 United Kingdom PSNB, bln June 12.7 Revised From 10.5 9.4 10.2

Commodity currencies rose against the decision of the People's Bank of China deregulate interest rates and allow banks themselves set the rates on loans. As part of measures to normalize the flow of capital and the maintenance of slowing economic growth, China has adopted a decision on the liberalization of interest rates, and as an important first step declared his intention to remove the lower bound on the official rates of bank lending. The People's Bank also announced on its website that it will terminate the control of interest rates on discount bills. However, he will continue to monitor the deposit rate.

The British рound was higher against the U.S. dollar. Published a report on the state of public finances in June, according to which, in June, net borrowing of the public sector, the preferred measure of the budget deficit amounted to 8.5 billion pounds against 11.9 billion pounds of debt in June of last year. However, the positive effect on the data for June has had a profit of the Bank of England in the amount of 3.9 billion pounds from operations to buy bonds.

The euro fell against the dollar on data on producer prices in Germany. The Producer Price Index rose by 0.6 percent year on year in June after a 0.2 percent rise in May, the Federal Statistical Office. The growth rate in June was in line with economists' forecasts. Led the overall increase in the prices of consumer non-durable goods, which grew by 2.6 percent per year, while the price of capital goods rose by 0.8 percent. Expenditure on durable goods and energy prices were up 0.9 percent and 0.7 percent, respectively, compared to June 2012. On a monthly basis, producer prices were unchanged in June after a 0.3 percent decline the previous month. The index is forecast was reduced by 0.2 percent on a monthly basis.

Today in Moscow launched a 2-day summit of central bankers and finance ministers of the G-20. As expected, the focus will be to discuss the current situation in the global economy, labor market issues and reform of financial regulation. In addition, an important issue on the agenda may be the policy of central banks. Thus, the debate over the possible aggressive easing implemented by the Bank of Japan and the Federal Reserve's plans to curtail QE. However, according to the published communiqué, such measures are unlikely to be subjected to official criticism. Representatives of the G-20 will continue negotiations on the key issue - the financing of investment, "which are essential for economic growth and an important factor in stimulating job growth."

EUR / USD: during the European session, the pair fell to $ 1.3096

GBP / USD: during the European session, the pair rose to $ 1.5281

USD / JPY: during the European session, the pair rose to Y100.48

At 12:30 GMT Canada will release the consumer price index, core consumer price index from the Bank of Canada in June. On Friday and Saturday will be a meeting G20.

EUR/USD

Offers $1.3250/60, $1.3225/30, $1.3210, $1.3170-90

Bids $1.3080, $1.3065, $1.3060/50, $1.3020

GBP/USD

Offers $1.5340/50, $1.5295/305, $1.5280/85

Bids $1.5185/80, $1.5160/50, $1.5145/40, $1.5130/20, $1.5100, $1.5080, $1.5060/45

AUD/USD

Offers $0.9300,  $0.9240/50, $0.9215/20, $0.9195/00

Bids $0.9140, $0.9120, $0.9110/00, $0.9050

EUR/GBP

Offers  stg0.8740/45, stg0.8700, stg0.8675/80, stg0.8665, stg0.8645/55

Bids stg0.8590, stg0.8575/65

EUR/JPY

ОOffers Y133.00, Y132.50, Y132.20, Y132.05/10

Bids Y131.00, Y130.80, Y130.55/50, Y130.10/00

USD/JPY

Offers  Y102.00, Y101.50, Y101.00, Y100.85/90

Bids Y99.85/80, Y99.55/50, Y99.25/20, Y99.00, Y98.80

Japan's all industry activity growth accelerated in May on robust recovery across sub-sectors, data from the Ministry of Economy, Trade and Industry showed Friday.

The corresponding index rose 1.1 percent month-on-month, after climbing 0.1 percent in April. But it remained marginally below the 1.2 percent expected increase.

Construction activity surged 5.2 percent, offsetting last month's 0.1 percent fall. At the same time, industrial production growth surged to 1.9 percent from 0.9 percent.

Tertiary industry activity climbed 1.2 percent from a month ago, when it fell 0.5 percent. The index of government services gained 0.3 percent compared to a 0.1 percent drop in April.

On a yearly basis, all industry activity growth more than doubled to 1.2 percent from 0.4 percent in May.

The U.K. public sector net borrowing excluding interventions declined to GBP 8.5 billion in June from GBP 11.9 billion last year, data from the Office for National Statistics showed Friday.

The ONS said PSNB has been reduced by GBP 3.9 billion of cash transfers from the Asset Purchase Facility Fund to government. If these transfers are excluded then public sector net borrowing in June 2013 was GBP 12.4 billion, data showed.

At the end of June, the public sector net debt excluding the temporary effects of financial interventions was GBP 1,202.8 billion or 74.9 percent of GDP.

Germany's producer price inflation accelerated in June, and the figure matched economists' expectations, latest data showed Friday.

The producer price index increased 0.6 percent on an annual basis in June, following a 0.2 percent gain in May, the Federal Statistical Office said. The growth rate for June was in line with economists' forecast.

Driving the overall growth, prices of non-durable consumer goods increased by 2.6 percent annually, and capital goods prices moved up 0.8 percent. Costs of durable consumer goods and energy products were higher by 0.9 percent and 0.7 percent respectively than in June 2012.

On a monthly basis, producer prices stayed unchanged in June, after recording a 0.3 percent decrease in the previous month. The index was forecast to drop 0.1 percent month-on-month.

EUR/USD $1.3000, $1.3050, $1.3100, $1.3160, $1.3200, $1.3300

USD/JPY Y99.00, Y99.50, Y100.50, Y100.65, Y101.50

GBP/USD $1.5000, $1.5100, $1.5250, $1.5260, $1.5300

EUR/GBP stg0.8610, stg0.8800

AUD/USD $0.9130, $0.9200, $0.9235, $0.9305, $0.9330

NZD/USD $0.7910

USD/CAD C$1.0400, C$1.0500

04:30 Japan All Industry Activity Index, m/m May +0.4% +1.3% +1.1%

The yen strengthened against all 16 of its major peers as Asian stocks declined, boosting the allure of haven currencies, before upper-house elections of Japan’s parliament on July 21. Abe’s Liberal Democratic Party and its coalition partner New Komeito are on track to win more than 65 of the 121 upper house seats being contested, according to a poll published in the Nikkei newspaper on July 17.

The yen erased its decline as Japanese stocks dropped after Koichi Hamada, an adviser to the prime minister, said the nation’s consumption tax must be raised “at some point” because Japan’s finances aren’t solid when viewed from an extremely long-term perspective.

The Australian dollar is set to complete its first weekly gain since mid-June before an inflation report next week that is likely to influence the Reserve Bank’s interest-rate decision in August. Australia’s consumer price index probably gained 0.5 percent in the second quarter from a 0.4 percent pace in the previous three-month period, economists forecast in a Bloomberg News survey before the July 24 data. The trimmed mean gauge of core prices climbed 0.5 percent compared with 0.3 percent in the previous quarter, the poll showed.

The kiwi strengthened today after a statistics department report showed permanent net migration to the nation climbed to a four-year high in June. Permanent arrivals exceeded departures by 2,330 in June, the most since May 2009, the data showed. Credit card spending rose 2.6 percent in June, the biggest increase in four months, according to separate data released today.

EUR / USD: during the Asian session the pair rose to $ 1.3150

GBP / USD: during the Asian session the pair rose to $ 1.5250

USD / JPY: during the Asian session the pair fell to Y99.80

UK data will be released at 0830GMT, when the June public sector finance data crosses the wires. Aside from the Treasury commentary, all the focus on the public finances is on underlying borrowing measures - which exclude a raft of distorting factors. The Office for Budget Responsibility said at the time of the March Budget that stripping out special factors "the decline in cash borrowing now appears to have stalled. We expect PSNB to be broadly flat ... (in 2013-14) resuming its fall in 2014-15." Measured against this forecast, the tentative signs of an improvement in underlying borrowing this year would mark a better than expected outturn. PSNB is seen at stg 9.5 bn versus stg 10.5 bn previously.

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

EUR/USD $1,3112 -0,08%

GBP/USD $1,5228 +0,09%

USD/CHF Chf0,9441 +0,32%

USD/JPY Y100,52 +0,93%

EUR/JPY Y131,79 +0,85%

GBP/JPY Y153,05 +1,03%

AUD/USD $0,9169 -0,72%

NZD/USD $0,7904 -0,01%

USD/CAD C$1,0375 -0,29%

04:30 Japan All Industry Activity Index, m/m May +0.4% +1.3%

06:00 Germany Producer Price Index (MoM) June -0.3% -0.2%

06:00 Germany Producer Price Index (YoY) June +0.2% +0.6%

08:30 United Kingdom PSNB, bln June 10.5 9.4

09:00 G20 G20 Meetings

12:30 Canada Consumer Price Index m / m June +0.2% +0.2%

12:30 Canada Consumer price index, y/y June +0.7% +1.3%

12:30 Canada Bank of Canada Consumer Price Index Core, m/m June +0.2% -0.3%

12:30 Canada Bank of Canada Consumer Price Index Core, y/y June +1.1% +1.3%