The dollar rose significantly against most major currencies, which was mainly due to risk aversion on concerns the beginning of full-scale military operation forces in Syria Western heads of state and governments of the world powers can not come to a consensus on the use of chemical weapons in Syria the need to strike back.

United States and its allies are considering a military strike on Syria in response to an incident involving chemical weapons in Syria, which led to the deaths of more than 300 people.

Russia and China are strongly opposed, arguing that there is no direct evidence of use of chemical weapons by government forces, as it could fall into the hands of insurgents.

U.S. Secretary of State John Kerry on Monday called "convincing and irrefutable" evidence of the use of chemical weapons near Damascus. NBC television quoted an unnamed representative of the U.S. government reported that air strikes on Syria may be applied as early as Thursday.

The representative of the British prime minister said on Tuesday morning that the military response would be "proportionate", adding that discusses what it will mean in practice.

We also add that the dollar is rising against the euro on the data on the index of consumer confidence in Germany. As it became known, the mood among German consumers declined slightly in September after reaching a six-year high in August, as households expect that the recovery will be sluggish in the coming months, the report showed research institute GfK on Wednesday. Prognostic indicator of consumer confidence in September fell to 6.9 with six-year high in August 7. Economists had expected the index to increase 7.1.

The pound regained almost all previously lost ground against the dollar, which primarily was due to the performance of the Bank of England, Mark Carney, who noted that the Bank of England stands ready to take further measures to stimulate the British economy, if rising interest rates in the financial markets will threaten all More weak economic recovery.

Recall that the Bank of England on August 7 has promised to keep its key interest rate unchanged at 0.5% as long as the level of unemployment in the UK has fallen to a threshold level of 7%. The central bank does not think that this level will be reached before 2016. However, the market is believed that the rate may be increased 2015. Central bankers are concerned about the fact that these expectations can lead to higher interest rates on loans to households and companies that can disrupt the economic recovery.

EUR/USD $1.3280, $1.3300, $1.3350/55, $1.3400

USD/JPY Y97.00, Y97.70, Y97.75, Y98.00, Y98.80, Y99.00

GBP/USD $1.5430, $1.5455, $1.5470

EUR/GBP stg0.8625

USD/CHF Chf0.9200

AUD/USD $0.8975, $0.8980, $0.9000, $0.9050, $0.9100

NZD/USD $0.7875, $0.7880

USD/CAD C$1.0500, C$1.0590, C$1.0625

Eurozone's M3 money supply growth slowed in July, while credit to private sector declined from last year, data from the European Central Bank showed Wednesday.

The broad monetary aggregate grew 2.2 percent annually in July, slowing from 2.4 percent increase in June. Economists expected an increase of 2.4 percent.

M1 money supply increased 7.1 percent annually in July, moderating from 7.5 percent growth recorded a month earlier.

In May-July period, M3 money supply rose 2.5 percent compared to the same period last year, while M1 rose 7.7 percent.

Loans to private sector declined 1.9 percent year-on-year in July, faster than a 1.6 percent decrease in June.

The annual growth rate of loans to households stood at 0.1 percent in July compared with no growth in June. Lending for house purchase, the most important component of household loans, increased 0.7 percent year-on-year.

U.K. retail sales volume grew at the strongest pace since November 2012, the Distributive Trades Survey results from the Confederation of British Industry showed Wednesday.

According to the survey, 49 percent of respondents reported that sales volumes were up on a year ago, while 22 percent said they were down, giving a balance of +27 percent. The August's level exceeded the consensus of 20 percent.

Retailers expect another similarly strong month of sales growth in September. The balance for next month is seen at +26 percent.

Barry Williams, Asda Chief Merchandising Officer for Food, and Chair of the CBI Distributive Trades Survey Panel said, "The feel-good factor from the heatwave, summer sales, royal baby fever and sporting victories has helped boost the high street, with clothing retailers and grocers benefiting in particular."

The survey also found that employment in the sector grew at its fastest pace since May 2002 and is expected to grow firmly again next month.

Further, retailers expect their overall business situation to improve over the next three months to 20 percent, the highest figure in three years.

06:00 Germany Gfk Consumer Confidence Survey September 7.0 7.1 6.9

06:00 Switzerland UBS Consumption Indicator July 1.44 1.41

08:00 Eurozone Private Loans, Y/Y July -1.6% -1.5% -1.9%

08:00 Eurozone M3 money supply, adjusted y/y July +2.3% +2.0% +2.2%

10:00 United Kingdom CBI retail sales volume balance August 17 20 27

11:45 United Kingdom BOE Gov Mark Carney Speaks

The dollar strengthened on risk aversion on concerns the beginning of full-scale military operation of the forces of Western countries in Syria. NBC television quoted an unnamed representative of the U.S. government reported that air strikes on Syria may be applied as early as Thursday. U.S. Defense Secretary Chuck Heygel the BBC said that the materials that are currently being collected by the UN inspectors, certainly confirm that in the chemical attack that had a place in the last week, the Syrian government is responsible.

Euro lower against the U.S. dollar against the data on the index of consumer confidence in Germany. The mood among German consumers declined slightly in September after reaching a six-year high in August, as households expect that the recovery will be sluggish in the coming months, the report showed research institute GfK on Wednesday. Prognostic indicator of consumer confidence in September fell to 6.9 with six-year high in August 7. Economists had expected the index to increase 7.1.

The pound traded near a three-week low against the euro ahead of today's speech by Bank of England Governor Mark Carney. This will be the first performance Carney as Chairman of the Central Bank of England, which he took from July 1, 2012. Most analysts expect the Bank of England will lead the arguments in favor of maintaining the interest rate and the asset purchase program unchanged, despite signs of recovery in economic growth in the UK. Recall that the next meeting of the committee on monetary policy of the Central Bank will be held on September 5. On the same day, and will meet the European Central Bank.

The British pound fell against the dollar, despite the favorable results of a survey of the Confederation of British Industry (CBI), according to which the volume of retail sales is at its highest level since 2012.

EUR / USD: during the European session, the pair fell to $ 1.3335

GBP / USD: during the European session, the pair fell to $ 1.5447

USD / JPY: during the European session, the pair rose to Y97.53

At 14:00 GMT the United States will change the volume of pending home sales for July. At 23:50 GMT Japan will release the change in the volume of retail trade in July.

EUR/USD

Offers $1.3500, $1.3475/85, $1.3450/65, $1.3420, $1.3400/05

Bids $1.3340, $1.3325/20, $1.3300, $1.3285/80

GBP/USD

Offers $1.5680/85, $1.5640/50, $1.5615/20, $1.5600, $1.5560/70, $1.5550/55

Bids $1.5485/80, $1.5450/40, $1.5425/20

AUD/USD

Offers $0.9075/80, $0.9045/50, $0.9020, $0.8995/00, $0.8960/65

Bids $0.8890, $0.8880/75, $0.8800

EUR/JPY

Offers Y132.00, Y131.80, Y131.55/60, Y131.18, Y130.80/00

Bids Y129.85/80, Y129.50, Y129.20, Y129.00

USD/JPY

Offers Y98.30/40, Y98.20, Y98.00, Y97.60

Bids Y97.05/00, Y96.50, Y96.20, Y96.00, Y95.80

EUR/GBP

Offers stg0.8700, stg0.8665/75, stg0.8640/50

Bids stg0.8600, stg0.8580, stg0.8560, stg0.8545/40, stg0.8520-10

Germany's import prices declined for the seventh consecutive month in July, Destatis reported Wednesday.

Import prices dropped 2.6 percent year-on-year, following a 2.2 percent fall in June. The annual rate was slightly steeper than a 2.5 percent fall forecast by economists.

On a monthly basis, import prices gained 0.3 percent, in line with forecast, but reversed 0.8 percent drop in the previous month.

At the same time, export prices were down by 0.9 percent compared to a 0.6 percent fall in June. Month-on-month, the index remained flat in July.

An indicator of the consumption habit among Swiss households declined marginally in July as an increase in new car registrations was largely balanced by gloomier consumer sentiment and weaker retail sales, survey data released by the UBS showed Wednesday.

The UBS consumption indicator was at 1.41 in July, little changed from June's score of 1.44. The index continues the trend that has been ongoing since April.

The index was influenced by a 14.4 percent month-on-month increase in new car sales, and a 5.3 percent gain on an annual basis.

The positive contribution from car sales was offset by a further deterioration of business situation in the retail industry as falling prices continued to squeeze retailers' profit margins.

At the same time, consumer sentiment cooled slightly in the third quarter, with the corresponding index staying just marginally above its historical average.

Sentiment among German consumers is set to ease marginally heading into September after reaching a six year-high in August, with households expecting the economic recovery to be sluggish in the coming months, a survey by market research group GfK revealed Wednesday.

The forward-looking consumer confidence indicator for September slipped to 6.9 from a six year high of 7 in August. The outcome defied expectations for an increase in the indicator to 7.1.

"The upward trend of the consumer climate since February 2013 has therefore come to an end for the time being," the GfK said in the survey report." However, it cannot yet be assumed that this is a trend reversal and the start of a downturn."

The economic expectations of German consumers slipped for the first time in four months in August, with the corresponding indicator falling to 1.8 from 4.3 in July.

"Consumers clearly feel that though the German economy is improving, recovery is likely to be rather slow over the coming months," the report said.

The income expectations index declined for the first time in five months in August and now stands at 37.2, down from June's two-year high reading of 42.8.

The slightly less optimistic economic outlook of consumers and increased price expectations could be possible reasons for this decline. Also, they fear that their purchasing power will come under pressure and are taking a slightly more restrained view of their income prospects, GfK said.

In contrast, German companies are currently in a more optimistic mood, as evidenced by the fourth successive increase in the Ifo business climate index to reach a 16-month high in August.

The GfK, nevertheless, noted that despite the decline, the indicator remained at a very high level. This can be attributed to extremely stable employment situation, which is allowing greater scope for collective bargaining agreements.

Meanwhile, the indicator reflecting consumers' willingness to buy increased to 44.4 in August, the highest level since December 2006, from 40.7 in July. The consumer climate index edged up to 7 from 6.8 in July.

"In light of extremely low interest rate levels and the recent slight rise in the rate of inflation, the appeal for consumers to invest their money in major purchases has increased further still," GfK said in the report.

The economy expanded 0.7 percent quarter-on-quarter in the second quarter of 2013, according to the Federal Statistical Office.

The Bundesbank said Monday that Germany's economic growth will likely return to normal and steady rates in the second half of 2013. The central bank forecasts 0.3 percent growth for the economy this year.

EUR/USD $1.3280, $1.3300, $1.3355, $1.3400

USD/JPY Y97.00, Y97.70, Y97.75, Y98.00, Y98.80, Y99.00

GBP/USD $1.5430, $1.5455, $1.5470

EUR/GBP stg0.8625

USD/CHF Chf0.9200

AUD/USD $0.8975, $0.8980, $0.9000, $0.9050, $0.9100

NZD/USD $0.7875, $0.7880

USD/CAD C$1.0500, C$1.0590, C$1.0625

01:30 Australia Construction Work Done Quarter II -2.0% +1.1% -0.3%

The yen held its biggest gains in 2 1/2 months against the dollar and euro as traders sought haven investments amid escalating tension in Syria. President Barack Obama’s administration is working with allies including the U.K. and France to reach agreement on limited action against Syria after concluding that Assad’s regime used chemical weapons against civilians. Any armed response would be narrowly focused on Syria’s weapons capabilities and wouldn’t be aimed at deposing Syrian President Bashar al-Assad, U.S. and U.K. officials said.

Japan’s currency reached its strongest level in two weeks against the greenback, and the Swiss franc touched the highest in a week.

Turkey’s lira and India’s rupee both dropped to record lows as global stocks slumped.

The pound was near a three-week low against the euro ahead of a speech by Bank of England Governor Mark Carney today. In the U.K., Carney gives his first policy speech since taking over as BOE Governor on July 1. He introduced so-called forward guidance this month to prevent a pickup in borrowing costs from undermining the economic recovery. Investors pushed benchmark gilt yields to a two-year high last week. The central bank’s Monetary Policy Committee meets on Sept. 5, the same day as the European Central Bank.

EUR / USD: during the Asian session the pair fell to $ 1.3370

GBP / USD: during the Asian session the pair fell below $ 1.5520

USD / JPY: during the Asian session the pair rose to Y97.40

BOE Carney due to speak today at 1045GMT (speech, press conf. 1145GMT) with market expecting dovish comments linked to forward guidance.

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

EUR/USD $1,3390 +0,15%

GBP/USD $1,5544 -0,23%

USD/CHF Chf0,9175 -0,54%

USD/JPY Y97,04 -1,43%

EUR/JPY Y129,92 -1,29%

GBP/JPY Y150,80 -1,67%

AUD/USD $0,8977 -0,55%

NZD/USD $0,7787 -0,85%

USD/CAD C$1,0477 -0,20%

01:30 Australia Construction Work Done Quarter II -2.0% +1.1%

06:00 Germany Gfk Consumer Confidence Survey September 7.0 7.1

06:00 Switzerland UBS Consumption Indicator July 1.44

08:00 Eurozone Private Loans, Y/Y July -1.6% -1.5%

08:00 Eurozone M3 money supply, adjusted y/y July +2.3% +2.0%

10:00 United Kingdom CBI retail sales volume balance August 17 20

11:45 United Kingdom BOE Gov Mark Carney Speaks

14:00 U.S. Pending Home Sales (MoM) July -0.4% +0.2%

14:30 U.S. Crude Oil Inventories August -1.4

23:50 Japan Retail sales, y/y July +1.6% 0.0%