The euro exchange rate fell slightly against the dollar, which has been associated with the release of weak data on Germany, as well as comments submitted today ECB officials , according to which it was announced that the ECB is willing to further reduce interest rates.

Note that German business confidence continued to improve in September, but remains slightly below economists' expectations . This became known as a survey institute Ifo. Business climate index rose to 107.7 in September from a revised 107.6 in August. Economists' expectations were at the level of 108.4 .

Ifo business expectations index rose to 104.2 in September from 103.3 in the previous month . According to forecasts of the index was to grow to 104. The current conditions index fell slightly to 111.4 from 112 in August. Economists had forecast an increase to 112.6 .

Meanwhile, we add that investors are very sensitive to economic data from the eurozone after European Central Bank President Mario Draghi said the bank is ready to provide cheap long-term loans to keep money market rates of growth. ECB Governing Council member Ewald Nowotny on Tuesday confirmed what Draghi , saying it was too early to stop the use of anti-crisis measures.

However, it is worth noting that the euro could still recover some of the lost ground , which helped the U.S. data , which showed that consumer confidence Conference Board, which increased slightly in August , fell in September. Index is currently 79.7 (1985 = 100 ) compared to 81.8 in August. The current conditions index rose to 73.2 from 70.9 . The expectations index fell to 84.1 from 89.0 last month.

The British pound shows a decline against the dollar , although it withdrew from the values ​​which have helped the weak data on U.S. consumer confidence . Note that initially the pressure on the currency was data on mortgage lending in the UK. Approved applications for mortgage loans increased in August, both in quantity and in value terms , data showed on Tuesday, the British Bankers Association (BBA). The number of mortgages approved for house purchase rose to 38,228 - the highest level since 2009 - up from 37,428 a month ago. But, at the same time , the August level was below the consensus - the forecast of 38650 . In value terms, mortgage applications to purchase homes rose to 6 billion British pounds from 5.8 billion pounds in July. In addition , the data showed that the level of unsecured borrowing rose by 0.3 percent compared with a year earlier. As part of the annual growth of credit cards was 6.7 percent , surpassing the personal loans and overdrafts , which grew by 5.1 percent.

At the same time, in a speech today, David Miles , a member of the Bank of England's MPC , said that , despite the fact that the recent improvement in economic data give reason for optimism , the weakness of the economy, continuing for several years, meaning that people should not wait for that monetary policy will quickly return to normal , " Given that inflationary pressures will develop in the right direction , the tightening of monetary policy will not be as long as the recovery does not gain momentum to significantly reduce unemployment ."

EUR/USD $1.3300, $1.3320, $1.3350, $1.3360, $1.3500, $1.3600

USD/JPY Y97.65, Y98.70, Y98.90, Y99.00, Y99.40, Y100.00, Y100.50

AUD/USD $0.9300, $0.9330, $0.9430, $0.9450, $0.9500

NZD/USD $0.8350

USD/CAD Cad1.0290

EUR/CHF Chf1.2400

EUR/GBP stg0.8410, stg0.8430

GBP/JPY Y159.00

AUD/JPU Y91.00, Y92.10, Y93.00

USD/CHF Chf0.9260

EUR/SEK Sek8.6180

EUR/USD

Offers $1.3650/60, $1.3620, $1.3600, $1.3575/80, $1.3545/50

Bids $1.3455/50, $1.3420/10, $1.3400, $1.3380

GBP/USD

Offers $1.6180/85, $1.6145/50, $1.6090/100, $1.6075/80, $1.6045/50

Bids $1.5960/50, $1.5920, $1.5900, $1.5850

AUD/USD

Offers $0.9540/50, $0.9525/30, $0.9500, $0.9480, $0.9450/60

Bids $0.9350, $0.9320, $0.9300

EUR/GBP

Offers stg0.8520, stg0.8500, stg0.8480, stg0.8460/65, stg0.8450

Bids stg0.8400, stg0.8355/50, stg0.8320, stg0.8300, stg0.8280

EUR/JPY

Offers Y134.50, Y134.20, Y134.00, Y133.60/65

Bids Y133.00, Y132.80, Y132.60/50, Y132.20, Y132.00

USD/JPY

Offers Y99.90/0.00, Y99.80, Y99.60, Y99.50, Y99.20

Bids Y98.60, Y98.50, Y98.25/20, Y98.00, Y97.80

The U.K. mortgage approvals both in terms of value and volume increased in August from July, British Bankers' Association reported Tuesday.

The number of mortgages approved for house purchases increased to 38,228, the highest since 2009, from 37,428 a month ago, it said. But the level was below 38,950 consensus.

Likewise, the value of mortgages for house purchase rose to GBP 6 billion from GBP 5.8 billion in July.

Further, data today showed that the outstanding level of unsecured borrowing grew by 0.3 percent over the year. Within this, annual growth in card borrowing of 6.7 percent outweighed personal loans and overdraft borrowing of 5.1 percent.

For the first time in four years, annual growth in household borrowing on credit cards and personal loans has turned positive and mortgages approved for house purchase are also at their highest level since 2009, BBA statistics director, David Dooks said.

German business confidence continued to improve in September, but remained below economists' expectations, reports said Tuesday citing survey results from the Ifo Institute.

The business climate index edged up to 107.7 in September from a revised reading of 107.6 in August. The expected reading was 108.

The Ifo business expectations index rose to 104.2 in September from 103.3 in the previous month. This was forecast to rise to 104.

The current assessment index fell 112 in" w:st="on">112 in August. Economists had forecast an increase to 112.5.

EUR/USD $1.3300, $1.3320, $1.3350, $1.3360, $1.3500, $1.3600

USD/JPY Y97.65, Y98.90, Y99.00, Y99.40, Y100.00, Y100.50

AUD/USD $0.9280, $0.9300, $0.9330, $0.9430, $0.9450, $0.9500

NZD/USD $0.8350

USD/CAD Cad1.0290

EUR/CHF Chf1.2400

EUR/GBP stg0.8410, stg0.8430

GBP/JPY Y159.00

AUD/JPY Y91.00, Y92.10, Y93.00

USD/CHF Chf0.9260

The dollar remained lower after a two-day slide versus the yen as the U.S. government moves closer to a shutdown with lawmakers wrangling over the debt limit. The U.S. Senate yesterday began considering a measure the House passed Sept. 20 that cuts off money for President Barack Obama’s health-care law and finances the federal government through mid-December. Democratic leaders in the Senate said they won’t pass a bill that takes money away from the 2010 legislation. With government funding set to expire Oct. 1 and the Treasury expected to exhaust its ability to borrow funds in mid-October, U.S. federal offices have begun planning for the possibility of a shutdown.

The currencies of Australia and New Zealand dropped against most major peers as Asian stocks retreated from a four-month high.

Federal Reserve Bank of Kansas City President Esther George will speak today, after New York Fed President William C. Dudley said yesterday the U.S. economy still needs support. Cleveland Fed President Sandra Pianalto will also speak today in Chicago.

Reports today may show gains in U.S. home prices, adding to evidence the economy may be strong enough to weather a reduction in stimulus. The S&P/Case-Shiller index of home prices in 20 cities probably rose 12.4 percent in July from a year earlier, according to the median estimate of analysts polled by Bloomberg before today’s data. If confirmed, that would be the biggest gain since February 2006.

The euro remained lower after its biggest one-day drop in two weeks ahead of a speech in Vienna by European Central Bank Governing Council member Ewald Nowotny. The ECB’s Nowotny will speak today after President Mario Draghi said yesterday he’s ready to deploy another long-term refinancing operation to provide funds to Europe’s banking system if needed.

EUR / USD: during the Asian session the pair traded in the range of $ 1.3485-95

GBP / USD: during the Asian session, the pair fell to $ 1.6025

USD / JPY: during the Asian session the pair traded in the range of Y98.65-90

Tuesday is another full day of calendar releases Tuesday, with data and central bank appearances on both sides of the Atlantic. The European calendar gets underway at 0645GMT, with the release of French August housing starts and permits at 0645GMT. The German September IFO business climate index is set for release at 0800GMT, following in the week of the better-than-expected euro area services PMI. Also at 0800GMT, ECB Governing Council member Ewald Nowotny speaks in Vienna. There are further ECB speakers expected from 1100GMT, when Vice-President Vitor Constancio is slated to speak on the occasion of the Awarding Ceremony of the German Bernacer Prize. At 1130GMT, ECB Executive Board member Benoit Coeure and ECB Governing Council member Erkki Liikanen speak in Helsinki. At 1300GMT, the Belgian August BNB business sentiment is expected. The last ECB appearance of the day, at 1630GMT, sees Executive Board member Yves Mersch and ECB Governing Council member Ewald Nowotny speak in Vienna. The limited UK calendar sees the release of the August BBA lending data. The opposition Labour Party continues with its annual conference, as Leader Ed Miliband is set to speak.

Tuesday is another full day of calendar releases Tuesday, with data and central bank appearances on both sides of the Atlantic. The US calendar gets underway at 1145GMT, when the ICSC-Goldman Store Sales data for the Sept 21 week are set to be published. At 1230GMT, the Canadian July retail sales numbers are set for release. Back in the US, at 1255GMT, the Sept 21 week Redbook Average will cross the wires. There is further US data at 1300GMT, when the July S&P/Case-Shiller Index and the July FHFA Home Price Index will be released. Fed speakers get underway from 1330GMT, when Cleveland Federal Reserve Bank President Sandra Pianalto delivers a speech to open the Chicago Fed payments conference in Chicago. Further US data will cross the wires at 1400GMT, when the Sept Richmond Fed Manufacturing Index and the Sept Consumer Confidence numbers are expected. The Conference Board's index of consumer confidence is expected to fall to a reading of 79.5 in September after a modest rise in the previous month. At the same time, Kansas City Federal Reserve Bank President Esther George introduces speaker at Chicago Fed payments conference in Chicago.

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

EUR/USD $1,3493 -0,26%

GBP/USD $1,6042 +0,08%

USD/CHF Chf0,9109 +0,02%

USD/JPY Y98,81 -0,61%

EUR/JPY Y133,70 -0,61%

GBP/JPY Y158,47 -0,54%

AUD/USD $0,9424 -0,17%

NZD/USD $0,8370 -0,13%

USD/CAD C$1,0282 +0,17%

08:00 Germany IFO - Business Climate September 107.5 108.4

08:00 Germany IFO - Current Assessment September 112.0 112.6

08:00 Germany IFO - Expectations September 103.3 104.0

08:30 United Kingdom BBA Mortgage Approvals August 37.2 38.6

10:30 United Kingdom MPC Member Miles Speaks

11:00 Eurozone ECB’s Vitor Constancio Speaks

12:30 Canada Retail Sales, m/m July -0.6% +0.6%

12:30 Canada Retail Sales ex Autos, m/m July -0.8% +0.6%

12:45 United Kingdom MPC Member Tucker Speaks

13:00 Belgium Business Climate September -8.6 -7.1

13:00 U.S. Housing Price Index, m/m July +0.7% +0.9%

13:00 U.S. Housing Price Index, y/y July +7.7%

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y July +12.1% +12.5%

14:00 U.S. Richmond Fed Manufacturing Index September 14 17

14:00 U.S. Consumer confidence September 81.5 79.9

16:30 Canada BOC Deputy Governor Lawrence Schembri Speaks

17:00 United Kingdom MPC Member Bean Speaks

17:00 U.S. FOMC Member Esther George Speaks

20:30 U.S. API Crude Oil Inventories September -0.3

22:45 New Zealand Trade Balance, mln August -774 -722