The dollar rose significantly against the euro, though it has lost some of the previously -earned positions. Note that a positive impact on the U.S. currency had reports of the United States. As it became known, PMI Managers Association in Chicago with correction for August rose to 53.0 against 52.3 in July. The growth was slightly weaker than economists' expectations of 53.2 . Recall that values above 50 are an indicator of accelerated growth in the economy. All the components in July were in the expansion , with growth compared to the previous month showed the sector procurement prices and new orders , a decrease was observed in the sectors of employment and deliveries.
Meanwhile, even the same data that were presented Thomson-Reuters and the Michigan Institute in August, U.S. consumers are feeling more pessimistic about the economy than had been recorded in the last month, but slightly better than those reported in the preliminary reading. According to the data, in August consumer sentiment index fell to 82.1 , compared with a final reading for July at 85.1 . It is worth noting that according to the average estimates of experts , the index had only grow to the level of 81.2 .
The British Pound was lower against the U.S. dollar. Statistics published today reflected the increase in the index of housing prices and the growth of approved applications for mortgage loans.
House prices in August rose 11 th consecutive month amid growing demand due to government interference and low supply . This is according to the mortgage operator Nationwide Building Society, published today . The data showed that in August rates increased by 0.6 % compared to July and was 3.5% higher compared to the same period the previous year. House prices rose by 1.4 % during the period from June to August , compared with the period from March to May. This is the highest growth since mid- 2010 and is an acceleration compared with growth of 1.0 % in the three months from May to July .
The number of mortgage approvals in the UK in July rose to a maximum of more than five years to a level that confirms the fruitfulness of efforts to address the problems in lending . On Friday the Bank of England said . According to published reports, the number of mortgage approvals in July was 60 624 and was the highest since March 2008 . The volume of consumer loans, both secured and unsecured , net of redemptions in July rose by 1.3 billion British pounds ( U.S. $ 2 billion ) . The average interest rate on new housing loans in July fell to 3.17 %, reaching its lowest level since the beginning of the comparable observations in 2004 .
U.K. mortgage approvals increased to the highest level in more than five years, adding to signs that the housing market recovery is gathering pace in July.
Mortgage approvals for house purchases increased to 60,624 in July, the highest since March 2008, from 58,238 in June, the Bank of England said Friday. The approvals for lending secured on dwelling also exceeded the consensus forecast of 58,800.
Net mortgage lending grew by GBP 707 million compared to GBP 1.02 billion rise in June. Meanwhile, net consumer credit increased GBP 619 million, bigger than last month's GBP 371 million rise.
However, Samuel Tombs at Capital Economics said talk of a renewed boom in the housing market still seems to be wide of the mark.
In a separate communique, the BoE said M4 money supply grew at a faster pace of 1.8 percent annually after rising 1.5 percent in June. Month-on-month, M4 climbed 0.6 percent.
Consumer price inflation in the euro area weakened in August, and to a larger extent than economists had forecast, latest data showed Friday.
Inflation as per the harmonized index of consumer prices (HICP) slowed to 1.3 percent, after staying unchanged at 1.6 percent in July, preliminary estimated published by statistical office Eurostat revealed. Economists had forecast inflation to ease to 1.4 percent.
The deceleration was driven mainly by a 0.4 percent fall in energy prices. Non-energy prices, meanwhile, increased 0.3 percent annually. Costs of food, alcohol and tobacco were higher by 3.3 percent than in August 2012.
Core inflation, excluding energy, food, alcohol and tobacco, stayed unchanged at 1.1 percent in August. The outcome matched economists' forecast.
EUR/USD $1.3200, $1.3235, $1.3250, $1.3350, $1.3275, $1.3360, $1.3400
USD/JPY Y97.00, Y97.20, Y97.30, Y97.50, Y97.85-90, Y98.00, Y98.50, Y98.90, Y99.00, Y99.15, Y99.50
GBP/USD $1.5400, $1.5500, $1.5520
EUR/GBP stg0.8575
GBP/CAD C$1.6400
USD/CHF Chf0.9220, Chf0.9300
EUR/CHF Chf1.2350
AUD/USD $0.8860, $0.8880, $0.8890, $0.8900, $0.8925, $0.8940, $0.8950, $0.8970, $0.9000
AUD/CAD C$0.9300
NZD/USD $0.7745, $0.7900
CAD/JPY Y93.30
06:00 United Kingdom Nationwide house price index August +0.8% +0.6% +0.6%
06:00 United Kingdom Nationwide house price index, y/y August +3.9% +3.3% +3.5%
06:00 Germany Retail sales, real adjusted July -1.5% +0.5% -1.4%
06:00 Germany Retail sales, real unadjusted, y/y July -2.8% +1.7% +2.3%
07:00 Switzerland KOF Leading Indicator August 1.23 1.34 1.36
08:30 United Kingdom Net Lending to Individuals, bln July 1.5 1.7 1.3
08:30 United Kingdom Mortgage Approvals July 57.7 59.0 60.6
09:00 Eurozone Business climate indicator July -0.53 -0.36 -0.2
09:00 Eurozone Economic sentiment index August 92.5 93.8 95.2
09:00 Eurozone Industrial confidence August -10.6 -9.6 -8.0
09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) August +1.6% +1.4% +1.3%
09:00 Eurozone Unemployment Rate July 12.1% +12.1% +12.1%
The Euro is trading without a trend against the U.S. dollar after the release of mixed statistics : business sentiment in the euro zone improved, German retail sales disappoint , while the number of unemployed in the euro zone fell a second straight month , while the unemployment rate remained at the same level.
Eurozone economic confidence improved fourth consecutive month in August , data released by the European Commission. Economic sentiment index rose to 95.2 from 92.5 in July. The value was higher than the consensus forecast of 93.8 .
The strong increase was due to the pronounced increase confidence among consumers and managers in industry, services and retail trade.
Thanks to a more positive assessment of the current level of general managers of orders and production expectations , the index of business optimism in the industry rose to -7.9 in August from 10.6 in the previous month .
In addition, confidence among service providers improved to -5.3 from -7.8 . The improvement was due to a sharp increase in estimates of managers past business situation and the important improvements on past demand and expectations of the proposal.
German retail sales for July disappoint : the fall was the second consecutive month. Thus, the shopkeepers at best get mixed results for the year. According to published data, the volume of retail sales fell in July by 1.4 % compared with the previous month , after the June sales were down 0.8 %. The data are adjusted for inflation and seasonal factors .
Eurozone unemployment rate remained at 12.1 percent in July , being in line with expectations , Eurostat data showed . The unemployment rate remained at this level for the fourth consecutive month. According to Eurostat for the euro area in July registered 19,231,000 unemployed. Compared with June, the unemployment rate fell to 15,000 , but rose to 1.008 million , compared with July last year.
The British Pound was lower against the U.S. dollar. Statistics published today reflected the increase in the index of housing prices and the growth of approved applications for mortgage loans.
House prices in August rose 11 th consecutive month amid growing demand due to government interference and low supply . This is according to the mortgage operator Nationwide Building Society, published today . The data showed that in August rates increased by 0.6 % compared to July and was 3.5% higher compared to the same period the previous year . House prices rose by 1.4 % during the period from June to August , compared with the period from March to May. This is the highest growth since mid- 2010 and is an acceleration compared with growth of 1.0 % in the three months from May to July .
The number of mortgage approvals in the UK in July rose to a maximum of more than five years to a level that confirms the fruitfulness of efforts to address the problems in lending . On Friday the Bank of England said . According to published reports, the number of mortgage approvals in July was 60 624 and was the highest since March 2008 . The volume of consumer loans, both secured and unsecured , net of redemptions in July rose by 1.3 billion British pounds ( U.S. $ 2 billion ) . The average interest rate on new housing loans in July fell to 3.17 %, reaching its lowest level since the beginning of the comparable observations in 2004 .
EUR / USD: during the European session, the pair is trading in the range of $ 1.3221 - $ 1.3241
GBP / USD: during the European session, the pair fell to $ 1.5475
USD / JPY: during the European session, the pair fell to Y97.88
At 12:30 GMT Canada will release the Gross Domestic Product for June. In the U.S., will be released at 12:30 GMT the main index for personal consumption expenditures , changes in the level of spending, deflator of personal consumption expenditures for July will be released at 13:45 GMT Chicago PMI index for August.
EUR/USD
Offers $1.3340/50, $1.3300/10, $1.3255/65
Bids $1.3220, $1.3210/00, $1.3198, $1.3180, $1.3150/40
GBP/USD
Offers $1.5680/85, $1.5640/50, $1.5615/20, $1.5600, $1.5545/55
Bids $1.5460/50, $1.5425/20, $1.5410/00, $1.5380
AUD/USD
Offers $0.9045/50, $0.9020, $0.8995/00, $0.8980, $0.8960/70
Bids $0.8910/00, $0.8890, $0.8880/75, $0.8800
EUR/JPY
Offers Y131.80, Y131.55/60, Y131.20, Y130.80/00, Y130.45/50
Bids Y129.50, Y129.20, Y129.05/00, Y128.80
USD/JPY
Offers Y99.50, Y99.15/20, Y98.90/00, Y98.45/50
Bids Y97.85/80, Y97.50, Y97.25/20, Y97.05/00
EUR/GBP
Offers stg0.8650/55, stg0.8620, stg0.8590/600, stg0.8550/55
Bids stg0.8520-10, stg0.8505/00
Unemployment rate in Eurozone held steady at record 12.1 percent in July, in line with forecasts, data from the Eurostat showed Friday.
The jobless rate has remained at this level for the fourth consecutive month. According to Eurostat estimates, 19.231 million people were unemployed in euro area in July. Compared with June, unemployment decreased by 15,000, but rose by 1.008 million year-on-year.
Among the EU member states, the lowest unemployment rate was recorded in Austria, followed by Germany and Luxembourg. The highest were in Greece and Spain.
In July, 3.500 million persons under the age of 25 were unemployed in the region. Compared with July 2012, their unemployment has decreased by 16,000. The youth unemployment rate was 24 percent.
In EU28, including Croatia, the overall unemployment rate was 11 percent, steady compared with June. There were 26.654 million unemployed persons in the EU during the month.
Eurozone economic confidence improved for the fourth consecutive month in August, survey data from the European Commission showed Friday.
The corresponding index climbed to 95.2 from 92.5 in July. The reading was above the consensus 93.8.
The strong increase resulted from pronounced improvements in confidence among consumers and managers in industry, services and retail trade.
Fueled by managers' much more positive assessment of the current level of overall order books and production expectations, confidence in industry rose to -7.9 in August from -10.6 in the prior month.
Similarly, confidence among service providers improved to -5.3 from -7.8. The improvement was driven by a sharp rise in managers' assessment of the past business situation and important improvements concerning past demand and demand expectations.
Consumer confidence continued its upward trend that started in December 2012. Consumer sentiment rose to -15.6 from -17.4 in July, thanks to more optimistic views on the future general economic situation.
Retailers' sentiment rose to -10.7 in August from -14 a month ago. Managers were particularly more confident about the future business situation. Also their assessments of the present business situation and their volume of stocks improved markedly.
However, confidence in construction weakened to -33.5 from -32.6 in July, resulting from managers' worsened assessment of both order books and employment expectations.
The business climate indicator climbed by 0.31 points to -0.21 in August. The assessment of past production, the level of overall order books and production expectations improved sharply.
Also the level of export order books and the stocks of finished products were appraised more positively, survey results showed.
EUR/USD $1.3200, $1.3235, $1.3250, $1.3350, $1.3275, $1.3360, $1.3400
USD/JPY Y97.00, Y97.20, Y97.30, Y97.50, Y97.85-90, Y98.00, Y98.50, Y98.90, Y99.00, Y99.15, Y99.50
GBP/USD $1.5400, $1.5500, $1.5520
EUR/GBP stg0.8575
GBP/CAD C$1.6400
USD/CHF Chf0.9220, Chf0.9300
EUR/CHF Chf1.2350
AUD/USD $0.8860, $0.8880, $0.8890, $0.8900, $0.8925, $0.8940, $0.8950, $0.8970, $0.9000
AUD/CAD C$0.9300
NZD/USD $0.7745, $0.7900
CAD/JPY Y93.30
01:30 Australia Private Sector Credit, m/m July +0.4% +0.4% +0.4%
01:30 Australia Private Sector Credit, y/y July +3.1% +3.1% +3.2%
05:00 Japan Housing Starts, y/y July +15.3% +14.5% +12.0%
The dollar reached the highest in four weeks against a basket of its peers before data forecast to show U.S. consumer spending rose for a third month, building the case for the Federal Reserve to reduce stimulus next month. Purchases of goods and services in the U.S. probably increased 0.3 percent last month after a 0.5 percent advance in June, according to the median forecast in a Bloomberg News survey of economists before today’s Commerce Department figures.
The final reading of the Thomson Reuters/University of Michigan index of consumer sentiment for August will probably be revised to 80.5, from an initial reading of 80, economists forecast. The gauge was at 85.1 in July.
U.S. gross domestic product expanded at a 2.5 percent annualized rate, up from an initial estimate of 1.7 percent, data showed yesterday. Economists projected a 2.2 percent gain.
Fed policy makers are debating whether the U.S. economy is strong enough to allow them to pare back monthly purchases of $85 billion in Treasuries and mortgage debt. Officials will reduce the amount at their next meeting on Sept. 17-18, according to 65 percent of economists in an Aug. 9-13 Bloomberg survey.
The yen rose against most of its major peers amid amid speculation the country’s exporters are repatriating overseas earnings.
Turkey’s lira headed for its biggest gain on a closing basis in three weeks. The U.K. parliament yesterday rejected Prime Minister David Cameron’s motion seeking endorsement for military strikes against Syria. Cameron had sought approval to join the U.S. in holding the Syrian government accountable for alleged chemical-weapon attacks against its own civilians.
EUR / USD: during the Asian session the pair rose to $ 1.3255
GBP / USD: during the Asian session, the pair rose to $ 1.5520
USD / JPY: during the Asian session the pair fell to Y98.05
UK Nationwide house prices at 0600GMT ahead of UK mortgage data at 0830GMT. Eurozone data begins with Germany retail sales at 0600GMT, EZ confidence data at 0900GMT, with US personal income at 1230GMT followed by confidence reports, beginning with Chicago at 1345GMT, UofM at1355GMT.
(pare/closed(00:00 GMT +02:00)/change, %)
EUR/USD $1,3237 -0,77%
GBP/USD $1,5502 -0,15%
USD/CHF Chf0,9311 +1,00%
USD/JPY Y98,33 +0,64%
EUR/JPY Y130,16 -0,12%
GBP/JPY Y152,42 +0,49%
AUD/USD $0,8921 -0,19%
NZD/USD $0,7756 -0,55%
USD/CAD C$1,0538 +0,49%
01:30 Australia Private Sector Credit, m/m July +0.4% +0.4%
01:30 Australia Private Sector Credit, y/y July +3.1% +3.1%
05:00 Japan Housing Starts, y/y July +15.3% +14.5%
06:00 United Kingdom Nationwide house price index August +0.8% +0.6%
06:00 United Kingdom Nationwide house price index, y/y August +3.9% +3.3%
06:00 Germany Retail sales, real adjusted July -1.5% +0.5%
06:00 Germany Retail sales, real unadjusted, y/y July -2.8% +1.7%
07:00 Switzerland KOF Leading Indicator August 1.23 1.34
08:30 United Kingdom Net Lending to Individuals, bln July 1.5 1.7
08:30 United Kingdom Mortgage Approvals July 57.7 59.0
09:00 Eurozone Business climate indicator July -0.53 -0.36
09:00 Eurozone Economic sentiment index August 92.5 93.8
09:00 Eurozone Industrial confidence August -10.6 -9.6
09:00 Eurozone Harmonized CPI, Y/Y (Preliminary) August +1.6% +1.4%
09:00 Eurozone Unemployment Rate July 12.1% +12.1%
12:30 Canada GDP (m/m) June +0.2% -0.3%
12:30 U.S. Personal Income, m/m July +0.3% +0.3%
12:30 U.S. Personal spending July +0.5% +0.3%
12:30 U.S. PCE price index ex food, energy, m/m July +0.2% +0.2%
12:30 U.S. PCE price index ex food, energy, Y/Y July +1.2% +1.3%
13:00 U.S. FOMC Member James Bullard Speaks
13:45 U.S. Chicago Purchasing Managers' Index August 52.3 53.2
13:55 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) August 80.0 81.2