The cost of the euro rose sharply against the dollar, updating the session high, which was associated with the statements by the Fed Bullard and Dudley. According to Bullard, the Federal Reserve should continue to buy bonds, but be ready to change their rates in accordance with the development of the economic situation. Bullard said that it is best if in the future the central bank will "continue to implement the current program of quantitative easing, adjusting the pace of purchases in accordance with the incoming data on the real economic growth of the real and inflation." Bullard said the program of unlimited central bank's purchase of Treasury bonds and mortgage-backed securities.

In his speech, Bullard considered options for further action, which will remain at the central bank when it is no longer able to change interest rates. Of all these "quantitative easing remains the best tool of monetary policy in this situation," he said.

The pound traded down against the dollar, which contributed to the data presented by the British. Note that the report from the National Bureau of Statistics (ONS) showed that the rate of consumer price inflation in the UK slowed in April, and the price pressure from manufacturers has gone down since the fall of oil prices affected the world economy. According to published reports, the annual growth rate of consumer price index (CPI) slowed in April to 2.4% from 2.8% in March. Thus, the annual inflation rate was the lowest since September 2012 and was below economists' forecast, which was 2.6%. Annual core inflation, which excludes volatile energy prices, food and drink, declined in April to 2%, the lowest level since November 2009. According to the ONS, the price of gasoline and diesel fuel declined in March compared with April, reflecting the falling price of a barrel of crude oil by 6.8% over the same period. Decreased and the cost of air travel.

Decline in oil prices also affected the British wholesale prices. UK producer prices rose in April by 1.1% compared to the same period last year. Thus, the annual growth rate of producer prices were the lowest since September 2009. Purchase prices for businesses to source materials, including oil, fell in April by 0.1% compared to the previous month and by 2.3% compared with the same period last year.

The Swiss franc fell against the euro after the International Monetary Fund said that the Swiss National Bank should continue to protect the minimum limit for the pair EUR / CHF at 1.20. Switzerland should not go back to a free floating exchange rate for as long as deflationary pressure and weaken "the economic recovery does not get stronger," the IMF said. Recall that the central bank of Switzerland introduced a threshold level for EUR / CHF pair in September 2011 in order to support exporters who have difficulties due to the strength of the franc. There was talk that the Swiss National Bank may raise the limit for couples to provoke a further weakening of the franc.

EUR/USD $1.2800, $1.2845, $1.2850, $1.2900, $1.2975

USD/JPY Y101.50, Y101.65, Y102.00, Y102.25, Y102.50, Y102.60, Y103.00

EUR/JPY Y132.00

GBP/USD $1.5200, $1.5300

USD/CHF Chf0.9625

AUD/USD $0.9775, $0.9800, $0.9805, $0.9900, $1.0000

USD/CAD C$1.0200, C$1.0250

EUR/USD

Offers $1.2930/50, $1.2915/25, $1.2905

Bids $1.2820/00, $1.2790-70, $1.2750/35, $1.2710/00

GBP/USD

Offers $1.5350/60, $1.5320/35, $1.5300

Bids $1.5160/50, $1.5130/20, $1.5100/090, $1.5075/70

AUD/USD

Offers $0.9900, $0.9880, $0.9860, $0.9845/50

Bids $0.9750, $0.9735/30, $0.9720, $0.9710, $0.9700, $0.9650

EUR/GBP

Offers stg0.8545/50, stg0.8530/35, stg0.8490-500,

Bids stg0.8430/20, stg0.8400

EUR/JPY

Offers Y133.50, Y133.00, Y132.75/80, Y132.40/50, Y132.30/35

Bids Y131.70/60, Y131.55/50, Y131.30, Y131.10/00, Y130.80

USD/JPY

Offers Y103.60, Y103.50, Y103.30/35, Y103.15/20, Y102.90/00

Bids Y102.10/00, Y101.85/80, Y101.50

House price inflation in the UK increased more than forecast in March, a report from the Office for National Statistics showed Tuesday.

The ONS house price index rose 2.7 percent year-on-year in March, faster than a 1.9 percent gain in February. Economists expected the rate of inflation to edge up to 2 percent.

The average mix-adjusted house price stood at GBP 235,000 during the month. On a month-on-month seasonally adjusted basis, the price index rose 0.4 percent in March after a flat reading in February.

House prices in England rose 3 percent year-on-year in March and prices grew 1.2 percent in Wales. These gains were offset by declines of 1.7 percent in Scotland and 2 percent in Northern Ireland.

In March, prices paid by first-time buyers were 1.3 percent higher on average than in March 2012. For owner-occupiers, prices increased 3.2 percent for the same period.

U.K. consumer price inflation slowed more than expected in April, to the lowest since September, data showed Tuesday.

Annual inflation fell to 2.4 percent from 2.8 percent in March, the Office for National Statistics said. Inflation was expected to ease to 2.6 percent. It has moved closer to the central bank's 2 percent target.

Month-on-month, consumer prices gained 0.2 percent, slightly weaker than the prior month's 0.3 percent increase and also below the 0.4 percent rise forecast by economists. Core inflation that excludes energy, food, alcoholic beverages and tobacco slowed to 2 percent from 2.4 percent a month ago. The rate was marginally below the consensus forecast of 2.3 percent.

CPIH, the new measure of consumer price inflation including owner occupiers' housing costs, grew 2.2 percent from a year ago, down from 2.6 percent in March.

At the same time, retail price inflation eased sharply to 2.9 percent in April, while it was forecast to fall to 3.1 percent.

EUR/USD $1.2800, $1.2845, $1.2850, $1.2900, $1.2975

USD/JPY Y101.50, Y101.65, Y102.00, Y102.25, Y103.00

EUR/JPY Y132.00

GBP/USD $1.5300

USD/CHF Chf0.9625

AUD/USD $0.9775, $0.9800, $0.9805, $0.9900, $1.0000

00:00 Australia Conference Board Australia Leading Index March +0.3% +0.1%

01:30 Australia RBA Meeting's Minutes May

03:00 New Zealand Credit Card Spending April -0.3% +0.4%

03:00 New Zealand Expected Annual Inflation 2y from now Quarter II +2.2% +2.1%

04:30 Japan All Industry Activity Index, m/m March +0.6% -0.3% -0.3%

The yen weakened against its major peers after Japan's Economy Minister Akira Amari backed away from weekend comments that prompted the currency to rally. Japan's currency climbed yesterday after Amari said further weakness may hurt "people's lives" and it was the government's job to minimize that. The minister said today he wouldn't comment on where the yen's decline would end. Amari said today he hopes the exchange rate will stabilize at a level that matches the nation's economic fundamentals. The Bank of Japan starts a two-day policy meeting today. BOJ Governor Haruhiko Kuroda said at a government meeting that it's natural for bond yields to rise gradually as the outlook for the economy and consumer prices improves, a Cabinet Office official told reporters yesterday.

The dollar remained lower versus the euro following a decline yesterday before Federal Reserve Chairman Ben S. Bernanke and other central bank officials speak this week. St. Louis Fed President James Bullard and New York Fed President William C. Dudley will speak today before Bernanke testifies in Congress tomorrow. Bullard said on April 17 that inflation had fallen too far below the Fed's 2 percent goal, and a further drop could prompt increased asset purchases by the central bank.

EUR / USD: during the Asian session, the pair traded in the range of $ 1.2860-00

GBP / USD: during the Asian session, the pair fell to $ 1.5220

USD / JPY: during the Asian session, the pair rose to Y102.75

Europe returns to the fray Tuesday after the Whitsun holiday. It is worth noting the Bank of Japan starts a two-day meeting today, with the outcome - expected Wednesday - likely to be no change in policy, as the board allows recent stimulus time to bed in. The European calendar gets underway at at 0600GMT, with the release of the German April PPI numbers. At 0700GMT, the Swiss National Bank is set to publish its Monthly Statistical Bulletin and Monthly Bulleting of Banking Statistics. At 1000GMT, the Bundesbank's monthly report will cross the wires. Riskbank Gov. Stefan Ingves will give a presentation on managing banking crises, in Stockholm from 1115GMT. Back in Europe, at 1300GMT, the Eurosystem's consolidated financial statement is set to hit the wires. At 1630GMT, ECB Executive Board member Peter Praet will deliver a speech on monetary policy in the context of balance sheet adjustment, to the Peterson Institute in Washington. ECB Governing Council Member Ewald Nowotny will speak at an award ceremony in Vienna from 1700GMT.

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

EUR/USD $1,2884 +0,37%

GBP/USD $1,5256 +0,58%

USD/CHF Chf0,9665 -0,59%

USD/JPY Y102,26 -0,95%

EUR/JPY Y131,74 -0,57%

GBP/JPY Y156,01 -0,35%

AUD/USD $0,9805 +0,76%

NZD/USD $0,8173 +1,33%

USD/CAD C$1,0241 -0,37%

00:00 Australia Conference Board Australia Leading Index March +0.3%

01:30 Australia RBA Meeting's Minutes May

03:00 New Zealand Credit Card Spending April -0.3%

03:00 New Zealand Expected Annual Inflation 2y from now Quarter II +2.2%

04:30 Japan All Industry Activity Index, m/m March +0.6% -0.3%

06:00 Germany Producer Price Index (MoM) April -0.2% -0.1%

06:00 Germany Producer Price Index (YoY) April +0.4% +0.1%

08:30 United Kingdom Retail Price Index, m/m April +0.4% +0.5%

08:30 United Kingdom Retail prices, Y/Y April +3.3% +3.1%

08:30 United Kingdom RPI-X, Y/Y April +3.2% +3.0%

08:30 United Kingdom Producer Price Index - Input (MoM) April -0.1% -1.2%

08:30 United Kingdom Producer Price Index - Input (YoY) April +0.4% +0.3%

08:30 United Kingdom Producer Price Index - Output (MoM) April +0.3% +0.3%

08:30 United Kingdom Producer Price Index - Output (YoY) April +2.0% +1.4%

08:30 United Kingdom HICP, m/m April +0.3% +0.4%

08:30 United Kingdom HICP, Y/Y April +2.8% +2.6%

08:30 United Kingdom HICP ex EFAT, Y/Y April +2.4% +2.3%

14:00 U.S. Treasury Sec Lew Speaks May

15:30 U.S. FOMC Member James Bullard Speaks

16:45 Canada BOC Gov Carney Speaks

20:30 U.S. API Crude Oil Inventories May +1.1