The Canadian dollar has risen considerably after strong economic data on retail sales and inflation. The data presented by Statistics Canada showed that in January retail sales rose by 1.3 % - to $ 40.7 billion , almost offsetting the decline in December by 1.9% ( revised from -1.8 %). Experts predicted that sales will rise by 0.8%. Meanwhile, it became known that an increase was reported in 7 of 11 subsectors , representing 83% of total retail sales. Sales in dollar terms increased by 1.4% , indicating that higher volumes of goods sold.

Statistics Canada reported last month that the consumer price index increased by 1.1 % per annum, after increasing by 1.5%. According to estimates , the index should rise by 0.9%. Lower gasoline prices have led to slower growth in the consumer price index . Compared with February last year, gasoline prices have fallen by 1.3% , after rising in January by 4.6%. On a monthly basis , gasoline prices rose 2.3 % in February , compared with an increase of 8.4% in the same month last year. Of the eight major components , six recorded growth in annual terms . Higher housing costs and food prices have led to an increase in the CPI. At the same time , the indices for transportation and for clothes and shoes made ​​the greatest contribution to the slowdown in the CPI.

The euro exchange rate against the dollar rose moderately against the background data , which showed that the positive balance of payments euro zone increased significantly in the month of January , which was caused by an increase in the trade surplus in goods and services . According to the report , the seasonally adjusted current account surplus rose in January to a level of 25.3 billion euros, compared with a surplus of 20 billion euros a month earlier , which was revised down from 21.0 billion euros. Meanwhile , we add that the surplus in trade in goods amounted to 15.9 billion in January, compared with EUR 14.5 billion in the previous month . In addition, the services account surplus rose to 11.8 billion euros from 9.6 billion euros in December. The European Central Bank reported that the growth of the surplus in merchandise trade deficit was partially offset by a current account transfers - at 9.3 billion, however , the deficit fell from 11.2 billion euros in December. Revenue fell to 6.8 billion euros from 7.1 billion euros.

The pound fell slightly against the dollar , reaching a minimum at the same time yesterday . Possible driver of this decline was the dynamics of GBP / JPY, due to the increasing demand for the yen. Repatriation flows bound for Japan in anticipation of the end of the financial year are probably now the only catalyst for the exchange . Little influenced by data that showed that the UK 's budget deficit in February widened more than expected . Note that net borrowing in the public sector , excluding the intervention has increased to 9.3 billion pounds in February , while in the same period last year borrowing was 6.5 billion pounds. In January 2014 net borrowing in the public sector showed a negative balance of 4.99 billion pounds. It was expected that the budget deficit will rise to 8.6 billion pounds. Over the 2013/14 financial year net borrowing in the public sector excluding temporary effects of financial interventions was 87.2 billion pounds. It turned out to be 17.9 billion pounds higher than for the same period of 2012 /13 , while borrowing was 69.3 billion pounds. In addition, according to official figures , net debt in the public sector excluding temporary effects was 1.2468 trillion pounds by the end of February , which is equivalent to 74.7 % of GDP.

USD/JPY Y101.00, Y101.50, Y101.80, Y102.00, Y102.25, Y102.50, Y103.60, Y104.00

EUR/JPY Y142.80

EUR/USD $1.3850, $1.3900, $1.4000

GBP/USD $1.6470, $1.6535, $1.6645, $1.6750

EUR/GBP stg0.8335, stg0.8445, stg0.8450

USD/CHF Chf0.8700, Chf0.8810

EUR/CHF Chf1.2200, Chf1.2225

AUD/USD $0.9050, $0.9100, $0.9125, $0.9140, $0.9150

AUD/JPY Y90.50, Y91.50

NZD/USD $0.8600

USD/CAD C$1.1225, C$1.1250, C$1.1300

Data

00:00 Japan Bank holiday

09:00 Eurozone European Council Meeting

09:00 Eurozone EU Economic Summit

09:00 Eurozone Current account, adjusted, bln January 20.0 Revised From 21.3 18.4 25.3

09:30 United Kingdom PSNB, bln February -6.4 7.8 7.47

12:30 Canada Retail Sales, m/m January -1.9% Revised From -1.8% +0.8% +1.3%

12:30 Canada Retail Sales ex Autos, m/m January -1.5% Revised From -1.4% +0.9% +1.0%

12:30 Canada Consumer Price Index m / m February +0.3% +0.6% +0.8%

12:30 Canada Consumer price index, y/y February +1.5% +0.9% +1.1%

12:30 Canada Bank of Canada Consumer Price Index Core, m/m February +0.2% +0.5% +0.7%

12:30 Canada Bank of Canada Consumer Price Index Core, y/y February +1.4% +1.1% +1.2%

Rate of the euro retreated from highs against the dollar , while returning to the opening level of the current session . Partly influenced by the dynamics of the data , which showed that the positive balance of payments euro zone increased significantly in the month of January , which was caused by an increase in the trade surplus in goods and services . According to the report , the seasonally adjusted current account surplus rose in January to a level of 25.3 billion euros, compared with a surplus of 20 billion euros a month earlier, which was revised down from 21.0 billion euros. Meanwhile , we add that the surplus in trade in goods amounted to 15.9 billion in January, compared with EUR 14.5 billion in the previous month . In addition, the services account surplus rose to 11.8 billion euros from 9.6 billion euros in December. The European Central Bank reported that the growth of the surplus in merchandise trade deficit was partially offset by a current account transfers - at 9.3 billion, however , the deficit fell from 11.2 billion euros in December. Revenue fell to 6.8 billion euros from 7.1 billion euros.

Also note that investors are waiting for evidence of improvement in consumer confidence in the euro-zone economy . A preliminary report will be released in 15:00 GMT. Economists estimate that the index potrebdoveriya rose in March to minus 12.3 points from minus 12.7 points a month earlier .

The course of trading may also affect the word Fed : 17:45 GMT to perform a member of the Committee on the Federal Open Market R. Fisher in 20:30 GMT - member of the Federal Open Market N. Kocherlakota , and 22:30 GMT - Member FOMC Fed Jerome Stein .

The pound fell slightly against the dollar , reaching thus minmiuma yesterday . Possible driver of this decline was the dynamics of GBP / JPY, due to the increasing demand for the yen. Repatriation flows bound for Japan in anticipation of the end of the financial year are probably now the only catalyst for the exchange . Little influenced by data that showed that the UK 's budget deficit in February widened more than expected . Note that net borrowing in the public sector , excluding the intervention has increased to 9.3 billion pounds in February , while in the same period last year borrowing was 6.5 billion pounds. In January 2014 net borrowing in the public sector showed a negative balance of 4.99 billion pounds. It was expected that the budget deficit will rise to 8.6 billion pounds. Over the 2013/14 financial year net borrowing in the public sector excluding temporary effects of financial interventions was 87.2 billion pounds. It turned out to be 17.9 billion pounds higher than for the same period of 2012 /13 , while borrowing was 69.3 billion pounds. In addition, according to official figures , net debt in the public sector excluding temporary effects was 1.2468 trillion pounds by the end of February , which is equivalent to 74.7 % of GDP.

The yen fell against the dollar , while losing all positions earned in the first half of the day . Liquidity during the Asian session was low , as financial markets in Japan closed for a public holiday. Support also has a pair of growth yield of U.S. Treasury bonds , a weakened yen appeal as safe-haven currency . In addition, the decline of the pair will be constrained by the loose monetary policy of the Bank of Japan and the orders to buy the yen by Japanese importers. American calendar of events is almost empty - only planned for the evening performances of several representatives of the Federal Reserve, which can cause sharp fluctuations .

EUR / USD: during the European session, the pair fell to $ 1.3764 , but then rose to $ 1.3805

GBP / USD: during the European session, the pair fell to $ 1.6473

USD / JPY: during the European session, the pair traded dropped to Y102.00, then returned to Y102.40

At 15:00 GMT the euro area indicator of consumer confidence will be released in March . At 17:45 GMT we planned a member of the Committee on the Federal Open Market R. Fisher. At 20:30 GMT will make the Bank of England Chief Economist Spencer Dale . At 20:30 GMT - we are a member of the Committee on the Federal Open Market N. Kocherlakoty . At 22:30 GMT member of the Committee on the Federal Open Market Jerome Stein .

EUR/USD

Offers $1.4000, $1.3967/75, $1.3945/50, $1.3890/00, $1.3845

Bids $1.3740, $1.3700/05, $1.3640, $1.3600

GBP/USD

Offers $1.6720/25, $1.6665/70, $1.6605/15, $1.6570, $1.6520

Bids $1.6420/30, $1.6400, $1.6380

AUD/USD

Offers $0.9200, $0.9165, $0.9150, $0.9140, $0.9100

Bids $0.9030, $0.8990/00, $0.8950, $0.8910/00

EUR/JPY

Offers Y142.90/00, Y142.50, Y142.00, Y141.70/75, Y141,20

Bids Y140.30, Y140.00, Y139.80, Y139.50

USD/JPY

Offers Y103.75, Y103.45, Y103.00, Y102.85

Bids Y101.90, Y101.70, Y101.20, Y101.00, Y100.50

EUR/GBP

Offers stg0.8470, stg0.8415/20, stg0.8405, stg0.8370/75

Bids stg0.8335/40, stg0.8320/25, stg0.8280/75

USD/JPY Y101.00, Y101.50, Y101.80, Y102.00, Y102.25, Y102.50, Y103.60, Y104.00

EUR/JPY Y142.80

EUR/USD $1.3850, $1.3900, $1.4000

GBP/USD $1.6470, $1.6535, $1.6645, $1.6750

EUR/GBP stg0.8335, stg0.8445, stg0.8450

USD/CHF Chf0.8700, Chf0.8810

EUR/CHF Chf1.2200, Chf1.2225

AUD/USD $0.9050, $0.9100, $0.9125, $0.9140, $0.9150

AUD/JPY Y90.50, Y91.50

NZD/USD $0.8600

USD/CAD C$1.1225, C$1.1250, C$!.1300

00:00 Japan Bank holiday

The dollar was set for its biggest weekly advance in two months versus major peers before Dallas Federal Reserve President Richard Fisher speaks today amid prospects the central bank will pare stimulus. Fisher, who votes on policy this year, said this month that the Fed’s asset purchases are “distorting” financial markets. Fisher will speak about forward guidance in London today.

The greenback reached a two-week high against the euro yesterday, the day after Fed Chair Janet Yellen said borrowing costs could start rising “around six months” following an end to the U.S. central bank’s bond buying.

Australia’s dollar was set for a weekly advance after a gauge of economic surprises rose to a 10-month high. Citigroup Inc.’s Economic Surprise Index for the nation was at 50.10 yesterday after reaching 50.60 on March 13, the highest since May 23. A positive reading signals data releases exceed economist estimates.

Japan’s markets are shut today for a national holiday.

EUR / USD: during the Asian session, the pair traded in the range of $ 1.3775-90

GBP / USD: during the Asian session, the pair traded in the range of $ 1.6500-20

USD / JPY: on Asian session the pair traded in the range of Y102.30-40

UK borrowing data is set for release at 0930GMT in an otherwise data light calendar.