The euro exchange rate has shown mixed results with respect to the U.S. dollar - highs in the comments Novotny and weak consumer confidence data , and then turned around and went down .

A member of the Governing Council of the ECB Ewald Nowotny in an interview published on Tuesday , it is unlikely that the European Central Bank to further reduce its key interest rate or the deposit rate. The central bank has no plans to take action against the strength of the euro . According to Novotny , a decrease in interest rates is unlikely because there are signs of strengthening economic recovery and the euro zone because "the interest rate cut will not help very much" to the peripheral countries have made the necessary adjustments.

However, Nowotny said the ECB " is prone to loose monetary policy , and there is good reason to stay the course , at least for some time ." He added that the tendency to soft policy is appropriate , "as long as economic growth below potential , and there is no prospect of rising inflation ." However, the authorities and the rest of the " have to put up " with the strong euro.

The results of a monthly survey of consumer confidence , which were submitted to Conference Board, showed that an indicator of consumer confidence fell sharply in October , dropping to a level with 71.2 points, compared with 80.2 in September. In addition, it was reported that an index that is designed to assess the current situation fell to 70.7 from 73.5 , while the expectations index worsened to 71.5 from 84.7 last month.

Market participants expect the announcement of the results of the two-day meeting of the Federal Reserve , which begins today . "Meetings of the Federal Reserve is in the focus of the market, and it is likely that the Committee will consider the weak U.S. economic reports as a reason not to reduce the amount of stimulus measures this year ," said Lorne Baring , managing director of Capital SA.

It should be noted that the vast majority of analysts agree that the central bank will continue the program of asset purchases , which is $ 85 billion a month after the end of the two-day meeting on Tuesday and Wednesday . In the accompanying statement , the central bank is likely to confirm the possibility of folding the program purchases until the end of the year. FOMC members do not want to write off the accounts in December . In recent days, many well-known economists have revised their expectations about the first reduction in the QE March 2014 .

The pound fell against the dollar despite a report that showed that in September it was approval of the 66,735 new home loans , up from 63,396 in August , which was the highest since February 2008 . Meanwhile, data showed that the interest rates on loans for housing construction fell in September , while total mortgage lending for the month was 15.6 billion pounds , registering the highest since October 2008 . The data obtained show an improvement in production, which stimulates the revival of the mortgage lending and housing market activity . We add that the number of mortgage approvals exceeded the forecasts of economists - they had expected growth of 66 thousand in the last month, net mortgage lending expanded to 1.03 billion pounds , consumer loans amounted to 411 million pounds , said the Bank of England.

However , the volume of consumer credit fell to £ 0.411 billion from £ 0.62 billion , and net lending - up to £ 1.4 billion These figures , and increased pressure on the pound .

Data

05:00 Japan Confidence in small business October 49.8 50.8

09:30 UK The volume of net lending to individuals billion in September 1.6 2.5 1.4

09:30 UK approved applications for mortgage loans , th September 62.23 66.74

12:30 Canada prices of manufactured goods , m / m in September +0.2 % Revised to +0.3 % +0.2 % -0.3 %

12:30 Canada Commodity Index September +0.9 % -0.4 % -1.5 %

12:30 U.S. Producer Price Index m / m in September +0.3 % +0.2 % -0.1 %

12:30 U.S. Producer Price Index y / y in September +1.4 % +0.6 % +0.3 %

12:30 U.S. Producer Price Index , the base value , m / m in September 0.0% +0.1 % +0.1 %

12:30 U.S. Producer Price Index , the base value , y / y in September +1.1 % +1.2 % +1.2 %

12:30 U.S. September retail sales +0.2 % +0.3 % -0.1 %

12:30 USA Retail sales excluding autos September +0.1 % +0.4 % +0.4 %

The dollar rose against the euro , as many market participants expect the announcement of the results of the two-day meeting of the Federal Reserve , which begins today . Note that the U.S. currency is hardly reacted to yield data on the U.S., which was worse .

"Meetings of the Federal Reserve is in the focus of the market, and it is likely that the Committee will consider the weak U.S. economic reports as a reason not to reduce the amount of stimulus measures this year ," said Lorne Baring , managing director of Capital SA.

It should be noted that the vast majority of analysts agree that the central bank will continue the program of asset purchases , which is $ 85 billion a month after the end of the two-day meeting on Tuesday and Wednesday .

In the accompanying statement , the central bank is likely to confirm the possibility of folding the program purchases until the end of the year. FOMC members do not want to write off the accounts in December . In recent days, many well-known economists have revised their expectations about the first reduction in the QE March 2014 .

The pound was down against the dollar in anticipation of the U.S. statistics on which the currency is almost did not react , even despite the fact that the data were worse than expected . As reported by the U.S. Department of Commerce , in September, overall retail sales in the country fell by 0.1 % m / m vs. +0.3 %, while sales excluding avtosektora rose by 0.4 % , improving the August result.

Currency is sold , despite a report that showed that in September it was approval of the 66,735 new home loans , up from 63,396 in August , which was the highest since February 2008 . Meanwhile, data showed that the interest rates on loans for housing construction fell in September , while total mortgage lending for the month was 15.6 billion pounds , registering the highest since October 2008 . The data obtained show an improvement in production, which stimulates the revival of the mortgage lending and housing market activity . We add that the number of mortgage approvals exceeded the forecasts of economists - they had expected growth of 66 thousand in the last month, net mortgage lending expanded to 1.03 billion pounds , consumer loans amounted to 411 million pounds , said the Bank of England.

However , the volume of consumer credit fell to £ 0.411 billion from £ 0.62 billion , and net lending - up to £ 1.4 billion These figures , and increased pressure on the pound .

EUR / USD: during the European session, the pair fell to $ 1.3752

GBP / USD: during the European session, the pair fell to $ 1.6060

USD / JPY: during the European session, the pair rose to Y98.00

At 14:00 GMT the United States will come indicator of consumer confidence for October, as well as data on changes in stocks in commercial warehouses , and changes in the volume of industrial orders in August. At 18:00 GMT the United States will be published monthly performance report for September. At 23:50 GMT Japan will announce preliminary data on industrial production for September.

EUR/USD

Offers $1.3870/80, $1.3850/55, $1.3850, $1.3830/35, $1.3815/25

Bids $1.3750, $1.3740, $1.3720, $1.3710/00

GBP/USD

Offers $1.6250/60, $1.6200/05, $1.6170/80, $1.6134

Bids $1.6080, $1.6063, $1.6020, $1.6000, $1.5980

AUD/USD

Offers $0.9670/80, $0.9645/50, $0.9620/25, $0.9600, $0.9545/50

Bids $0.9500, $0.9480, $0.9450, $0.9400

EUR/GBP

Offers stg0.8650/55, stg0.8600/05, stg0.8570/75

Bids stg0.8520, stg0.8505/00

EUR/JPY

Offers Y135.50, Y135.25/30, Y135.00, Y134.80

Bids Y134.20, Y134.00, Y133.55/50

USD/JPY

Offers Y98.50, Y98.20, Y98.00, Y97.80

Bids Y97.20, Y97.00, Y96.80

EUR/USD $1.3650, $1.3700, $1.3750, $1.3780, $1.3790, $1.3800, $1.3850

USD/JPY Y96.50, Y96.75, Y97.00, Y97.15, Y97.25, Y97.30, Y97.50, Y98.00, Y98.85, Y99.00

GBP/USD $1.5925, $1.5950, $1.6000, $1.6150, $1.6160, $1.6215, $1.6325

USD/CHF Chf0.8900, Chf0.8950

AUD/USD $0.9550, $0.9600, $0.9625

USD/CAD C$1.0425, C$1.0450

The yen rose against all of its 16 major peers after data in Japan showed retail sales grew more than economists estimated and the unemployment rate dropped before the nation’s central bank holds a meeting this week. Retail sales rose 1.8 percent last month from August, the statistics bureau said in Tokyo today. That exceeded the 0.5 percent increase predicted by economists surveyed by Bloomberg News. The unemployment rate slid to 4 percent in September from 4.1 percent the previous month, according to a separate report.

Japan’s currency halted a two-day slide versus the dollar as falling Asian stocks boosted demand for haven assets and futures traders trimmed bearish bets on the currency to the least in a year.

The euro rose to a two-month high versus the pound before a report due today that may show stronger consumer sentiment in France, Europe’s second-largest economy. Consumer confidence in France probably increased to 86 this month, matching the level reached in February, according to the median estimate in a Bloomberg survey before today’s data.

The Aussie dollar fell after Reserve Bank of Australia Governor Glenn Stevens said the currency will probably be “materially lower.” The RBA’s Stevens said the Australian currency’s level isn’t supported by costs and productivity in the economy. It’s quite likely that, at some point, the Australian dollar will be “materially lower” than currently, he said in a speech in Sydney.

EUR / USD: during the Asian session the pair traded in the range of $ 1.3770-90

GBP / USD: during the Asian session, the pair fell to $ 1.6065

USD / JPY: during the Asian session the pair fell to Y97.45

In Europe, the data calendar is relatively lighter today, starting out with Spain's Sep retail sales index at 0700 GMT. Then, at 0930, the Bank of England's September money and credit data are due. These figures will probably show further signs that the housing market was heating up, ahead of the October launch the Help to Buy scheme, but overall credit growth will probably have remained subdued. Mortgage approvals are expected to have risen to 66,000 in September, still a long way short of the 100,000 plus levels seen before the onset of the financial crisis. Data releases today start with ICSC-Goldman Store Sales at 7:45

a.m. ET (1145 GMT, followed by September retail sales and September producer price index, both to be released at 1230 GMT. Other postponed data to be released include the August business inventories report at 1400 GMT. At 1255 GMT, 26-Oct Redbook Average is then due followed by the 1300 GMT release of the August US S&P/Case-Shiller housing index. Housing prices have lately begun to pick up due to increased demand and short supply, though this could begin to hurt sales in the coming months without any speedier improvement in the economy.

At 1400 GMT, there's US 3Q Housing Vacancies and Oct Oct Consumer Confidence. Also today, the Federal Open Market Committee starts its 2-day meeting and will be releasing its latest policy statement Wednesday at 2:00 p.m. ET, although nobody is expecting any fireworks after the lackluster September jobs report. With a coming change in leadership, and a potentially sizable impact to growth still to be reported due to the shutdown, it is looking less likely the Fed will make any changes to policy in the near-term.

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

EUR/USD $1,3786 -0,09%

GBP/USD $1,6139 -0,38%

USD/CHF Chf0,8955 +0,36%

USD/JPY Y97,69 +0,38%

EUR/JPY Y134,67 +0,28%

GBP/JPY Y157,64 -0,01%

AUD/USD $0,9571 -0,45%

NZD/USD $0,8298 -0,52%

USD/CAD C$1,0444 +0,23%

05:00 Japan Small Business Confidence October 49.8

07:00 Germany Gfk Consumer Confidence Survey November 7.1 7.3

09:30 United Kingdom Net Lending to Individuals, bln September 1.6 2.5

09:30 United Kingdom Mortgage Approvals September 62.23

12:30 Canada Industrial Product Prices, m/m September +0.2% +0.2%

12:30 Canada Raw Material Price Index September +0.9% -0.4%

12:30 U.S. PPI, m/m September +0.3% +0.2%

12:30 U.S. PPI, y/y September +1.4% +0.6%

12:30 U.S. PPI excluding food and energy, m/m September 0.0% +0.1%

12:30 U.S. PPI excluding food and energy, Y/Y September +1.1% +1.2%

12:30 U.S. Retail sales September +0.2% +0.3%

12:30 U.S. Retail sales excluding auto September +0.1% +0.4%

13:00 U.S. S&P/Case-Shiller Home Price Indices, y/y August +12.39% +12.4%

14:00 U.S. Business inventories August +0.4% +0.3%

14:00 U.S. Consumer confidence October 79.7 76.0

23:50 Japan Industrial Production (MoM) (Preliminary) September -0.9% +1.8%

23:50 Japan Industrial Production (YoY) (Preliminary) September -0.4% +5.6%