The dollar strengthened versus the euro and the yen as reports showed U.S. consumer confidence reached the highest level since 2008 and home values climbed, bolstering bets the Federal Reserve will slow its bond buying.

The Conference Board's confidence index rose to 76.2, the strongest since February 2008, from a revised 69 in April, data from the New York-based research group showed today. The median forecast called for an increase to 71.2.

The Standard & Poor's/Case-Shiller index of property values increased 10.9 percent in March from a year earlier, the biggest gain since April 2006, a report showed in New York.

Japan's currency slid against most of its 16 major peers after an adviser to Japanese Prime Minister Shinzo Abe said the nation's central bank can add to its unprecedented stimulus if necessary to support economic revival. The Bank of Japan pledged April 4 to double bond buying in an attempt to secure 2 percent inflation and drag the world's third-biggest economy out of 15 years of deflation. BOJ Governor Haruhiko Kuroda "should continue to trust in his judgment and ease further" if needed, Koichi Hamada, a retired Yale University professor advising Abe, said today. The policy is working "as well or better than expected," he said.

EUR/USD $1.2800, $1.2900, $1.2915, $1.2920, $1.2930, $1.2935, $1.3000

USD/JPY Y100.50, Y101.00, Y101.50, Y101.60, Y101.90, Y102.00, Y102.30

GBP/USD $1.5100

EUR/CHF Chf1.2485

AUD/USD $0.9600, $0.9775, $0.9825

NZD/USD $0.8100

Data

00:00 China Leading Index April 99.38 99.8

06:00 Switzerland Trade Balance April 1.90 2.02 1.73

06:45 France Consumer confidence May 83 85 79

07:15 Switzerland Employment Level Quarter I 4.12 4.11 4.15

The yen declined significantly against the dollar, which contributed to the statement of Prime Minister Shinzo Abe, who said that the central bank can increase the volume of their unprecedented stimulus if needed to support the economic recovery.

In addition, the dynamics of trade have shown results of the latest research that has been presented today Shoko Chukin Bank. As it became known, the level of business confidence for small and medium-sized enterprises in Japan deteriorated in May, registering with the second monthly decline in a row. According to a report in the current month index business sentiment fell to 48.2, compared with 49.4 and 49.7 in March. Recall that the index value below 50 indicates contraction in activity, while growth above this level involves the expansion. Meanwhile, it was revealed that the deterioration in sentiment reflects a negative assessment of business conditions in the non-manufacturing sector. The corresponding figure fell to 49, compared with 51.1 in the previous month. Meanwhile, the degree of confidence in the manufacturing sector remained unchanged - at the level of 47.2. It should be noted that the owners of a small industrial sector is expected that the level of general sentiment, both in manufacturing and non-manufacturing sector, growth will fix in the next month.

The dollar fell against most major currencies in anticipation of the release of macroeconomic data for the U.S., which, according to analysts point to improved consumer confidence and housing prices in America. According to the median forecast of analysts indicator of consumer confidence this month is likely to grow to 71, ie, shows the highest value since November. Rate in April was 68.1. It is also expected that the index of property values ​​in 20 major U.S. cities from S & P / Case-Shiller, may grow up in March, up 10.2% from a year earlier. This may be the strongest jump in prices since April 2006 goda.V whole is worth noting that since the beginning of 2013 the dollar increased by 5.4%, showing the strongest performer among currencies of 10 developed countries and regions.

The Australian dollar rose against the U.S. dollar, departing from the lowest level since June last year. Currently the pair is trading above the pivot, updating the maximum level AUD0.9695. However, daily charts indicate that the bearish trend is continuing within the parameters of the downward channel. Whereas this week, Australia does not publish important economic indicators, the exchange rate is growing ahead of a key report on the United States. Markets expect the Richmond Fed index will rise to 2, and the Federal Reserve Bank of Dallas indicator improved from 68.1 to 70.7. TD Securities analysts point to a mixed outlook for releases, noting the upside risks to report on consumer confidence. In March, housing prices are forecast at 1% m / m and 10.1% y / y

EUR/USD

Offers $1.3050, $1.3000, $1.2960/65, $1.2950, $1.2939

Bids $1.2880, $1.2860/50, $1.2830, $1.2820/00

GBP/USD

Offers $1.5220/30, $1.5190/205, $1.5150/60, $1.5116

Bids $1.5060/50, $1.5040, $1.5000, $1.4985/80

AUD/USD

Offers $0.9820, $0.9800, $0.9780, $0.9750, $0.9735/40, $0.9700

Bids $0.9640/35, $0.9610/00, $0.9590, $0.9570

EUR/GBP

Offers stg0.8650/60, stg0.8620, stg0.8600, stg0.8570/75

Bids stg0.8535/30, stg0.8470, stg0.8445/40

EUR/JPY

Offers Y133.20, Y133.00, Y132.50, Y132.20

Bids Y131.50, Y131.00, Y130.80, Y130.55/50, Y130.45/40

USD/JPY

Offers Y103.40/50, Y103.20, Y103.00, Y102.60/70, Y102.50

Bids Y101.60/50, Y101.20, Y101.00, Y100.85/80, Y100.60/50

EUR/USD $1.2800, $1.2900, $1.2915, $1.2920, $1.2930, $1.2935, $1.3000

USD/JPY Y100.50, Y101.00, Y101.50, Y101.60, Y101.90, Y102.00, Y102.30

GBP/USD $1.5100

EUR/CHF Chf1.2485

AUD/USD $0.9600, $0.9775, $0.9825

NZD/USD $0.8100

00:00 China Leading Index April 99.38 99.8

The dollar rose against most of its major peers before U.S. data today that economists say will show consumer confidence improved and home prices gained. The Conference Board's index of U.S. consumer sentiment probably climbed to 71 this month, the highest since November, from 68.1 in April, according to the median estimate of economists surveyed by Bloomberg News. The S&P/Case-Shiller index of property values in 20 U.S. cities may have risen 10.2 percent in March from a year earlier, the biggest jump since April 2006, economists forecast.

The Dollar Index advanced amid prospects improving U.S. fundamentals will prompt the Federal Reserve to taper its monthly bond purchases of $85 billion.

The yen snapped a three-day advance versus the euro as the Bank of Japan estimated that a key component of funds in the nation's economy reached a record amid unprecedented stimulus. The BOJ estimates that deposits it holds in custody for financial companies will rise to a record 72.4 trillion yen ($711 billion) today. The current-account balance is a part of the monetary base, which the central bank plans to double in two years as it buys more than 7 trillion yen of government bonds every month to end 15 years of deflation.

EUR / USD: during the Asian session the pair fell to $ 1.2880

GBP / USD: during the Asian session the pair fell to $ 1.5065

USD / JPY: during the Asian session the pair rose to Y102.00

A light domestic data calendar, BOE Haldane to speak is due to speak in Frankfurt at at 0930GMT, BOE Tucker in London at 1700GMT. For this morning French consumer confidence and Spanish YTD budget update seen in focus in an otherwise data light calendar.

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

EUR/USD $1,2934 +0,02%

GBP/USD $1,5110 -0,08%

USD/CHF Chf0,9624 +0,11%

USD/JPY Y101,06 -0,23%

EUR/JPY Y130,71 -0,21%

GBP/JPY Y152,70 -0,34%

AUD/USD $0,9634 -0,19%

NZD/USD $0,8085 -0,11%

USD/CAD C$1,0336 +0,19%

00:00 China Leading Index April 99.38

06:00 Switzerland Trade Balance April 1.90 2.02

06:45 France Consumer confidence May 84 85

07:15 Switzerland Employment Level Quarter I 4.12 4.11

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y March +9.3% +10.1%

14:00 U.S. Richmond Fed Manufacturing Index May -6 2

14:00 U.S. Consumer confidence May 68.1 70.7

17:00 United Kingdom MPC Member Tucker Speaks

23:50 Japan Retail sales, y/y April -0.3% -0.4%