The dollar rose against the euro significantly, playing the news from the Fed. Investors buy U.S. dollars after the U.S. central bank has signaled that it plans to reduce the amount of monthly purchases of bonds by the end of this year if the economy continues to improve.
Add that today published data on balance of payments euro-zone, which had no material impact on the single currency. The surplus of the current account of balance of payments euro area in April fell from historic highs, but remained at a high level. The surplus of the current account deficit declined in April to 19.5 billion euros (25.7 billion dollars) against the maximum level ever of 25.9 billion euros in March. The data presented are adjusted for seasonal factors and the number of working days in each month. Trade surplus in April, the euro area reached 18.1 billion euros against 22.5 billion in March, indicating a continuing excess of exports over imports.
The pound fell against the U.S. dollar, but was able to regain some of their losses against the Fed's comments Byllarda, who noted that the Fed should focus on keeping inflation close to the target yrovnya, and do less strong emphasis on the market tryda.
Byllard expects yroven ypadet unemployment rate to 7.1% by kontsy 2013. In addition, it was reported that Byllard rosty lowered the forecast for U.S. GDP in 2013 to 2.8% from 3%. In his view, the Fed may have to consider further easing if inflation slows further
Add that to the dynamics of trade affected by the report of the National Bureau of Statistics of the United Kingdom (ONS), which showed that the government borrowed in May, much less than expected. However, the data is improved due payments in the amount of 3.2 billion pounds ($ 4.9 billion) received from Swiss banks under the new tax treaty between the UK and Switzerland, as well as the transfer of profits from the program of bond purchases the Bank of England, which was 3.9 billion pounds. These two factors, net borrowing of the public sector, the government preferred indicator of the budget deficit in May amounted to 8.8 billion pounds. It is 6.9 billion pounds lower than in May last year. Excluding payments from Swiss banks and the transfer of the Bank of England's public sector net borrowing in May totaled 15.9 billion pounds, slightly more than in May 2012.
The Canadian dollar declined significantly against the U.S. dollar after data showed that Canadian inflation rose in May, less than expected, while natural gas prices rose at the fastest annual pace in nearly four and a half years, while the costs powered slowed down, and gasoline prices declined.
The consumer price index (CPI) of Canada in May rose by 0.2% compared with April, when it fell by the same amount. In annual terms, consumer price growth rose to 0.7% compared to the three and a half year low of 0.4% reached in April.
Economists had expected the index of consumer prices rise by 0.4% compared with the previous month and by 0.9% in annual terms.
Consumer Price Index (Core CPI), which excludes the eight most volatile components, including food and energy, rose 0.2% on the month, compared with 0.1% in April. An annual increase of 1.1%, as in April.
In seasonally adjusted monthly CPI rose 0.1% after falling 0.4% the previous month, and the base remained unchanged.
USD/JPY Y95.00, Y95.65, Y96.50, Y97.00, Y97.25, Y98.00, Y99.00
AUD/USD $0.9215, $0.9245, $0.9260, $0.9400, $0.9420, $0.9500
GBP/USD $1.5400, $1.5500, $1.5650, $1.5680, $1.5735
EUR/CHF Chf1.2200, Chf1.2250, Chf1.2300, Chf1.2430, Chf1.2435
EUR/AUD A$1.4250
USD/CHF Chf0.9270
USD/CAD C$1.0345, C$1.0365, C$1.0450
Canadian inflation rose less than expected in May as natural gas prices grew at the fastest annual pace in nearly four and a half years while food costs slowed and gasoline prices shrank, showing no pressure for the central bank to hike rates.
The headline or all-items consumer price index rebounded 0.2% on a monthly basis after a decline of the same magnitude in April, lifting the year-on-year rate to 0.7% from a three-and-a-half year low of 0.4%, Statistics Canada said Friday.
The core rate, which excludes eight of the most volatile components, including some food and energy prices, rose 0.2% on a monthly basis from 0.1% previously, for an annual increase of 1.1%, the same rate as in April.
The consensus call was for the headline CPI to grow 0.9% from a a year ago and the core rate to rise 1.2%, according to a report from Royal Bank of Canada.
On a seasonally adjusted basis, the monthly headline CPI climbed 0.1% after declining 0.4% previously, and the core rate was flat.
Canadian retail sales grew less than expected in April as increased spending on new vehicles, electronics and appliances were offset by a decline in gasoline prices and lower clothing sales.
The value of sales edged up 0.1% to 39.52 billion Canadian dollars ($38.10 billion) from an unrevised flat reading in March, Statistics Canada said Friday.
Sales excluding vehicles and auto parts shrank unexpectedly by 0.3% to C$30.46 billion, the same as the prior month, which was revised down from the originally estimated 0.2% drop.
The consensus call was for overall sales to grow 0.2% and the ex-auto figure to be flat, according to a report from Royal Bank of Canada.
Sales volume, which feeds into the calculation of economic growth for the month presented a brighter picture, growing 0.5%.
08:00 Eurozone Current account, adjusted, bln
April 25.9 15.1 19.5
08:00 Switzerland KOF Institute Economic Forecast Quarter III
08:30 United Kingdom PSNB, bln May 8.0 13.5 10.5
09:00 Eurozone ECOFIN Meetings June
The euro continues to fall against the U.S. dollar, regaining news from the Fed. Investors buy U.S. dollars after the U.S. central bank has signaled that it plans to reduce the amount of monthly purchases of bonds by the end of this year if the economy continues to improve.
Today we have published data on the euro area balance of payments, which had no material impact on the single currency. The surplus of the current account of balance of payments euro area in April fell from historic highs, but remained at a high level. The surplus of the current account deficit declined in April to 19.5 billion euros (25.7 billion dollars) against the maximum level ever of 25.9 billion euros in March. The data presented are adjusted for seasonal factors and the number of working days in each month. Trade surplus in April, the euro area reached 18.1 billion euros against 22.5 billion in March, indicating a continuing excess of exports over imports.
Dollar a week is growing against all major currencies in anticipation of the block of macroeconomic statistics in the United States, which will be released next week. June 25 U.S. Department of Commerce will present the figures on orders for durable goods, which, according to analysts, the rise in May, up 3% compared with April. Expected positive report and the real estate market. According to experts, the April housing price index from the S & P / Case-Shiller will grow by 10.6% compared with a year earlier. These may correspond to the March figures, which showed the highest growth in the last seven years.
Pound was lower against the U.S. dollar on the background data on public sector borrowing in Britain. The National Bureau of Statistics of the United Kingdom (ONS) on Friday released data that showed that the government borrowed in May, much less than expected. However, the data is improved due payments in the amount of 3.2 billion pounds ($ 4.9 billion) received from Swiss banks under the new tax treaty between the UK and Switzerland, as well as the transfer of profits from the program of bond purchases the Bank of England, which was 3.9 billion pounds. These two factors, net borrowing of the public sector, the government preferred indicator of the budget deficit in May amounted to 8.8 billion pounds. It is 6.9 billion pounds lower than in May last year. Excluding payments from Swiss banks and the transfer of the Bank of England's public sector net borrowing in May totaled 15.9 billion pounds, slightly more than in May 2012.
EUR / USD: during the European session, the pair fell to $ 1.3180, and continues to decline
GBP / USD: during
the European session, the pair fell to $ 1.5430, and continues to
decline
USD / JPY: during
the European session, the pair rose to Y98.14
At 12:30 GMT Canada will release the consumer price index, core consumer price index from the Bank of Canada in May, the change in volume of retail sales and the change in retail sales excluding auto sales for April.
EUR/USD
Offers $1.3350, $1.3320, $1.3300, $1.3270/80, $1.3250/55
Bids $1.3150, $1.3135/30
GBP/USD
Offers $1.5650, $1.5590/00, $1.5550
Bids $1.5450, $1.5420, $1.5405/00
AUD/USD
Offers $0.9400, $0.9350, $0.9300, $0.9270/80
Bids $0.9150, $0.9100
EUR/JPY
Offers Y130.20, Y130.00, Y129.80, Y129.20/25
Bids Y128.50, Y128.00, Y127.55/50, Y127.10/00
EUR/GBP
Offers stg0.8650, stg0.8620, stg0.8595/600, stg0.8575/80
Bids stg0.8510/00, stg0.8475/70, stg0.8465/60, stg0.8450
USD/JPY
Offers Y99.00, Y98.50, Y98.25/30, Y98.15/20, Y97.80/85
Bids Y97.20, Y97.00, Y96.80, Y96.50/40, Y96.25/20, Y96.00
EUR/USD
$1.2900, $1.3200, $1.3300, $1.3325, $1.3350, $1.3400
USD/JPY Y95.00, Y95.65, Y96.50, Y97.00, Y97.25, Y98.00
AUD/USD $0.9245, $0.9260, $0.9400, $0.9420
CBP/USD $1.5400, $1.5500, $1.5650, $1.5680, $1.5735
EUR/CHF Chf1.2200, Chf1.2250, Chf1.2430, Chf1.2435, Chf1.2500
EUR/AUD A$1.4250
USD/CHF Chf0.9270, Chf0.9600
USD/CAD C$1.0345
06:35 Japan BOJ Governor Haruhiko Kuroda
Speaks
The euro snapped a two-day decline before data today on the region's current-account balance, which climbed to a record in March amid speculation investors repatriated funds from emerging markets. The European Central Bank will release data on the currency bloc's current-account balance today. A surplus in the balance, the broadest measure of international trade, climbed to 25.9 billion euros ($34.3 billion) in March on a seasonally adjusted basis, the highest on record dating back to 1997.
The dollar headed for a weekly gain against all of its 16 major peers before U.S. data next week on home prices and durable-goods orders that may add to the case for a reduction in monetary stimulus that was outlined by the Federal Reserve on June 19. The U.S. Commerce Department is likely to say on June 25 that orders for U.S. durable goods rose 3 percent in May from April, expanding for a second month, according to the median estimate of economists in a Bloomberg News survey. A separate report may show the same day that the S&P/Case-Shiller index of property values jumped 10.6 percent in April from a year earlier, according to another poll of economists. That would almost match March's increase which was the most in seven years.
The yen erased an earlier gain along with Asian stocks before a speech today by Bank of Japan Governor Haruhiko Kuroda.
EUR / USD: during the Asian session the pair rose to $ 1.3255
GBP / USD: during the Asian session the pair traded in the range of $ 1.5490/20
USD / JPY: during the Asian session the pair rose above Y97.50
Friday sees a quieter calendar, although markets will continue to deal with the fall out from the FOMC and the Bernanke comments. The data releases start at 0645GMT, with the release of the French Q1 employment and wages data. Economists are looking for a wages increase of 0.7% on quarter. Bundesbank Board member Joachim Nagel will give a speech on the euro crisis and German banks, starting at 0700GMT. Further EMU data will be released at 0800GMT, when the ECB April current account numbers will be released. At 0930GMT, the German government spokesperson will hold the regular press briefing, in Berlin.
(pare/closed(00:00 GMT +02:00)/change,
%)
EUR/USD $1,3225 -0,53%
GBP/USD $1,5503 +0,12%
USD/CHF Chf0,9270 -0,10%
USD/JPY Y97,34 +1,09%
EUR/JPY Y128,70 +0,52%
GBP/JPY Y150,86 +1,17%
AUD/USD $0,9204 -0,83%
NZD/USD $0,7764 -1,57%
USD/CAD C$1,0379 +1,05%
06:35 Japan BOJ Governor Haruhiko Kuroda
Speaks
08:00 Eurozone Current account, adjusted, bln April 25.9 15.1
08:00 Switzerland KOF Institute Economic Forecast Quarter III
08:30 United Kingdom PSNB, bln May 8.0 13.5
09:00 Eurozone ECOFIN Meetings June
12:30 Canada Retail Sales, m/m April 0.0% +0.2%
12:30 Canada Retail Sales ex Autos, m/m April -0.2% 0.0%
12:30 Canada Consumer Price Index m / m May -0.2% +0.4%
12:30 Canada Consumer price index, y/y May +0.4% +0.9%
12:30 Canada Bank of Canada Consumer Price Index Core, m/m May +0.1% +0.3%
12:30 Canada Bank of Canada Consumer Price Index Core, y/y May +1.1% +1.1%