The euro rose against the dollar, while data on consumer sentiment in the U.S. went out a little weaker than expected . According to the report , the final index of consumer sentiment University of Michigan and Reuters in December remained at the previous estimate of 82.5 and was against the November final value of 75.1 . Economists had expected the final index of consumer sentiment in December will remain almost unchanged at 82.9 . In late December, the current conditions index rose to 98.6 , after earlier this month it jumped to 97.9 from November's final value of 88.0 . The expectations index fell to 72.1 from 72.7 in early December.
Another report showed that the indicator of national economic activity FRB Chicago has grown significantly in November, which allowed to raise an average of three to nearly 2 -year high. It became known from the data , which were presented by the Federal Reserve Bank of Chicago .
According to the report , the economic activity index of the Chicago Fed rose last month to a level of 0.60 points , compared with a revised downward index for October at -0.07 points ( originally reported -0.18 points). Meanwhile, add that a more objective measure , namely the three-month average value rose to 0.25 points from 0.12 points in October , while reaching the highest level since February 2012 .
These signs of growth were echoed recently improving U.S. economic indicators . We also add that these figures preceded the Fed's policy statement that the central bank will begin to reduce the amount of stimulus measures next month .
In turn , the latest data from the Commerce Department showed that Americans stepped up their spending in November , which portends a good season for holiday sales and a new signal that the U.S. economic recovery is gaining momentum. According to the report , the amount of personal spending rose last month by 0.5 percent , compared with a revised upward index for October at 0.4 percent (originally reported growth of 0.3 percent ) . We add that the November increase was the largest since June this year. Meanwhile, we note that the recent rise has fully confirmed the average forecast of experts. The report also said that the amount of personal income rose in November by 0.2 percent, after falling 0.1 percent in October . According to economists , the increase should have been 0.4 percent.
The Canadian dollar rose against the U.S. dollar on the back of strong GDP data for Canada. Recent data presented previously by Statistics Canada showed that Canada's economy grew faster in October than expected, thus fixing the fourth increase in a row. Note that a major factor in the increase in GDP turned monthly gain in the manufacturing sector , which proved most over the past two years, which suggests that economic growth in the fourth quarter may not be far from the indicators that have been recorded in the previous three months .
According to the report , the gross domestic product , which estimates the total amount of goods and services produced in the country, rose in October by 0.3 percent , demonstrating the same pace as in September. In addition, data showed that the annualized GDP growth accelerated to 2.7% from 2.4% previously , which allowed to fix the strongest growth since May 2012 .
At Statistics reported that the main support GDP growth had production in the manufacturing sector , which grew by 1.3 per cent , showing the best result since December 2011 . This growth, along with a 1.2 percent increase in September , said the best performance of this sector for two consecutive months from December 2010 and January 2011 .
USD/JPY Y103.00, Y104.00, Y105.00
EUR/USD $1.3600, $1.3650, $1.3660, $1.3700, $1.3750
USD/CHF Chf0.8900, Chf0.9090
AUD/USD $0.8900, $0.9100
USD/CAD Cad1.0650, Cad1.0675
Data
7:00 Switzerland indicator of consumer activity from UBS November 1.26 1.43
The euro exchange rate rose slightly against the U.S. dollar , helped by expectations publication of data on the United States. Today will be published important data on inflation and the level of expenditure of the U.S. population . According to the median forecast of economists , income of the American population , as costs increase in November by 0.5 % compared with the previous month . Index PCE Core, which draws the attention of the Federal Reserve System in assessing the risks of inflation is expected to rise by 0.1% compared to October and by 1.2% compared with November 2012 .
Equally important will also be a report on consumer confidence. According to forecasts, the final index of consumer confidence from Reuters and the University of Michigan in December rose to the level of 82.9 points, compared with an initial value of around 82.5 points, and the final reading for November - at the level of 75.1 points .
Meanwhile, add that little support for the dollar had a statement of the head of the IMF , Christine Lagarde, the fund 's readiness to improve the prognosis of the U.S. economy in 2014. Lagarde noted that U.S. growth strengthened that definitely lead to further improve the business climate in the next year.
The Swiss franc rose moderately against the U.S. dollar , which helped the publication of data on positive Switzerland. The results of recent studies , which were presented earlier today UBS, showed that the rate of consumer activity in Switzerland rose last month , as the Christmas shopping period lifted the mood in the retail sector .
According to the report , consumption indicator rose to 1.43 points in November , compared with 1.26 points in October . This increase was due to higher assessment of business conditions in the retail sector , although weak data on new car registrations have prevented more substantial growth , the report said .
Meanwhile, it became known that the index of business conditions in the retail sector , compiled by the Institute KOF, which is one of five sub - indicators in the indicator of consumer activity UBS, rose in November to a level of 6 points compared with 1.5 points a month earlier.
The Canadian dollar rose substantially against the U.S. dollar , as the focus of market participants began to gradually switch to Canadian GDP data . According to the average forecasts of experts , at the end of October , the gross domestic product rose by 0.1 percent, compared with an increase of 0.3 percent in the previous month . Recall that the growth rate or the excess of the actual value of the forecast is positive for the Canadian dollar. In case of significant deviation from the forecast may have a strong impact on the dynamics of the Canadian currency .
EUR / USD: during the European session, the pair rose to $ 1.3670
GBP / USD: during the European session, the pair rose to $ 1.6375 , but then retreated slightly
USD / JPY: during the European session, the pair fell to Y103.77
13:30 GMT Canada announced changes in GDP for October. Also this time, the U.S. will present the main index for personal consumption expenditures and the deflator for personal consumption expenditures in November , and will report to change the level of spending for November. At 14:00 GMT Belgium release index business sentiment in December. At 14:55 GMT the United States will present an indicator of consumer confidence from the University of Michigan in December.
EUR/USD
Offers $1.3770/80, $1.3750, $1.3730, $1.3705/10, $1.3690/00
Bids $1.3650, $1.3620, $1.3600, $1.3590
GBP/USD
Offers $1.6480, $1.6450, $1.6410, $1.6390/400, $1.6375/80
Bids $1.6325/20, $1.6300, $1.6295/90, $1.6280/75
AUD/USD
Offers $0.9050, $0.9020, $0.9000, $0.8980/90, $0.8955/60, $0.8950
Bids $0.8900, $0.8880, $0.8855/50, $0.8825/20, $0.8800, $0.8780
EUR/JPY
Offers Y143.80, Y143.50, Y143.20, Y143.00, Y142.45/50
Bids Y142.05/00, Y141.80/60, Y141.50, Y141.25/20, Y141.00
USD/JPY
Offers Y105.00, Y104.80, Y104.50, Y104.15/20
Bids Y103.80/75, Y103.70, Y103.65/60, Y103.50
EUR/GBP
Offers stg0.8467, stg0.8435/40, stg0.8415/20, stg0.8400, stg0.8380/85
Bids stg0.8350, stg0.8330/20, stg0.8300/290, stg0.8260/50, stg0.8220
USD/JPY Y103.00, Y104.00, Y105.00
EUR/USD $1.3600, $1.3650, $1.3660, $1.3700, $1.3750
USD/CHF Chf0.8900, Chf0.9090
AUD/USD $0.8900, $0.9100
USD/CAD Cad1.0650, Cad1.0675
00:00 Japan Bank holiday
The U.S. currency last week advanced versus eight Group of 10 currencies as the Fed said it will reduce the size of its bond-purchase program and reiterated that benchmark rates will remain low contingent on jobless and inflation data. U.S. inflation as measured by the core PCE price index rose 1.2 percent in November from a year earlier, compared with a 1.1 percent gain in the prior month, according to the median forecast in a Bloomberg New survey before a report today. October’s reading was the lowest since March 2011.
U.S. consumer spending, which account for about 70 percent of the economy, climbed 0.5 percent in November after a 0.3 percent increase the prior month, the Commerce Department is expected to say today, according to the Bloomberg median. Incomes probably rose 0.5 percent after a 0.1 percent drop in October, the poll predicts.
A budget deal in Washington and the Federal Reserve’s plan to taper its bond buying will allow for a new growth estimate, International Monetary Fund Managing Director Christine Lagarde said on NBC’s “Meet the Press” yesterday without specifying new figures. U.S. stocks rose Dec. 20 after a report showed the economy expanded in the third quarter at a faster rate than previously estimated.
Australia’s dollar added to its biggest advance in more than a month and traded about a cent from its three-year low.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.3670-95
GBP / USD: during the Asian session, the pair rose to $ 1.6360
USD / JPY: on Asian session the pair traded in the range of Y103.95-10
With the Christmas holiday fast approaching, Monday's calendar quietens significantly. Also, trading volumes are seen as being light, with many market players extending the holiday, along with Tokyo markets also closed for a national holiday. The European data calendar gets underway at 0800GMT, when the Spanish PPI data is released. At 0900GMT, Italian December ISTAT consumer confidence numbers are set to cross the wires. Analysts are looking for a rise from 98.3 in November to 98.7. The EMU third quarter government debt numbers are due to be published at 1000GMT.
00:00 Japan Bank holiday
07:00 Switzerland UBS Consumption Indicator November 1.28
13:30 Canada GDP (m/m) October +0.3% +0.1%
13:30 U.S. Chicago Federal National Activity Index November -0.18
13:30 U.S. Personal Income, m/m November -0.1% +0.4%
13:30 U.S. Personal spending November +0.3% +0.5%
13:30 U.S. PCE price index ex food, energy, m/m November +0.1% +0.1%
13:30 U.S. PCE price index ex food, energy, Y/Y November +1.1%
14:00 Belgium Business Climate December -4.3 -3.9
14:55 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) December 82.5 82.9