The euro exchange rate against the dollar has grown significantly in terms of a thin market , as well as comments on the background Draghi, who in an interview with Der Spiegel said that there is no need to further reduce the basic interest rate .
According to the newspaper , according to M.Dragi , crisis is not over , but there are many encouraging signals. ECB lowered its key interest rate by 0.25 percentage points - to a record low of 0.25 % per annum , stating concerns about an "extended period " of low inflation in the eurozone.
Draghi said that he sees no signals deflation , adding that the situation in the euro zone is different from the situation in Japan . Among the positive signals for the European economy - economic growth in some countries , the reduction of trade imbalances between countries in the region , as well as the reduction of budget deficits , said M.Dragi .
Meanwhile, add the pressure on the dollar was the U.S. data , which showed that the indicator upcoming home sales rose in November after months of decline. This is a new sign that the housing market recovery is regaining some of the momentum he lost in the middle of this year.
National Association of Realtors reported that its index of pending sales of existing homes at a seasonally adjusted rose 0.2 % in November compared with the previous month to 101.7 . It was the first increase since May, when the index reached the six year high. Economists had forecast an increase in the monthly measurement of 1.1%.
Pound rose against the dollar , which was associated with the release of positive data on Britain and publication of weak U.S. macroeconomic data . Recall that the report from Hometrack showed that the average asking price for homes in the UK rose by 0.5 percent in December compared with the previous month , after rising 0.5 percent in November .
In terms of regions , housing prices rose by 0.1 per cent in Yorkshire and Humberside and the north- west, rose by 0.2 per cent in Wales, 0.3 per cent in the West Midlands and the Southwest, 0.5 percent in East Anglia , at 0.7 per cent in the south- east and 1.0 percent in London.
Housing prices have not changed in the East Midlands and the north-east .
In annual terms, house prices rose by 4.4 percent after increasing 3.8 percent in the previous month .
Housing prices in London rose 9.1 percent year on year , while prices in the southeast rose 5.0 percent and prices for north lost 0.5 percent.
The Swiss franc rose against the U.S. dollar , which helped data which showed that the current account surplus of Switzerland in the third quarter increased compared with the same period last year , data released by the Swiss National Bank.
The current account surplus rose to 19.7 billion Swiss francs to 13.7 billion Swiss francs in the same period a year ago. In the second quarter , the current account surplus amounted to 20.2 billion Swiss francs.
Merchandise trade surplus of 4.9 billion Swiss francs, compared to 3.6 billion Swiss francs last year. Trade surplus in services was formed 9.1 billion Swiss francs, which was more than 8.9 billion Swiss francs last year.
USD/JPY Y103.50, Y103.85, Y104.00, Y104.25, Y104.50, Y104.75, Y105.00, Y105.65
EUR/USD $1.3700, $1.3725
GBP/USD $1.6500
EUR/GBP stg0.8420
USD/CAD C$1.0800
The euro rose against the dollar , supported by statements of ECB head Mario Draghi, who in an interview with Der Spiegel said that there is no need to further reduce the basic interest rate . According to the newspaper , according to M.Dragi , crisis is not over , but there are many encouraging signals. ECB lowered its key interest rate by 0.25 percentage points - to a record low of 0.25 % per annum , stating concerns about an "extended period " of low inflation in the eurozone.
Draghi said that he sees no signals deflation , adding that the situation in the euro zone is different from the situation in Japan . Among the positive signals for the European economy - economic growth in some countries , the reduction of trade imbalances between countries in the region , as well as the reduction of budget deficits , said M.Dragi .
According to him , the pace of improvement in the region exceeded the expectations of the ECB.
Eurozone economic recovery that began in the second quarter of this year after a prolonged recession , almost petered out in the third quarter against the background of a sudden contraction of the French GDP and reduce Italy's GDP . In the second quarter Eurozone GDP rose by 0.3 % in the third - only 0.1 %.
Meanwhile, recent signals of the European economy are more positive. Thus, the growth of business activity in the manufacturing sector and the eurozone consumer confidence in December exceeded expectations . In addition to further reduce the base rate of the ECB has other tools to stimulate growth, in particular , to provide banks with another portion of long-term loans .
The Japanese yen has weakened substantially against the U.S. dollar and the euro , while the USD / JPY pair rose earlier to a new five-year highs Y105.42. Although many investors in the market see no reason for concern about downside risks to the U.S. dollar , they also point to the risks associated with a favorable scenario for the U.S. dollar , which include a potential rise in interest rates in the U.S. and change policies Japanese Prime Minister Shinzo Abe . Nevertheless , investors believe that the probability of these risks materializing is very low .
EUR / USD: during the European session, the pair rose to $ 1.3781
GBP / USD: during the European session, the pair rose to $ 1.6500 , then back up to $ 1.6458
USD / JPY: during the European session, the pair fell to Y105.11
At 15:00 GMT the U.S. will release the change in the volume of pending home sales for November.
EUR/USD
Offers $1.3920, $1.3900, $1.3845/55, $1.3830, $1.3790-810
Bids $1.3725/15, $1.3700, $1.3650
AUD/USD
Offers $0.9020, $0.9000, $0.8985/90, $0.8955/60, $0.8950, $0.8890
Bids $0.8825/20, $0.8800
GBP/USD
Offers $1.6600, $1.6580, $1.6550/55, $1.6520, $1.6500/05
Bids $1.6450/45, $1.6410/00, $1.6380/70, $1.6355/50, $1.6320/15
EUR/JPY
Offers Y146.50, Y146.00, Y145.70/80, Y145.30/35
Bids Y144.50, Y144.25/20, Y144.00, Y143.85/80, Y143.60/50, Y143.35/25
USD/JPY
Offers Y106.00, Y105.80
Bids Y104.50, Y104.20, Y104.00, Y103.80/75
EUR/GBP
Offers stg0.8467, stg0.8450, stg0.8435/40, stg0.8415/20, Stg0.8400, stg0.8385/90
Bids stg0.8320, stg0.8300/290, stg0.8260/50, stg0.8250, stg0.8220
USD/JPY Y103.50, Y103.85, Y104.00, Y104.75, Y105.00, Y105.65
EUR/USD $1.3700, $1.3725
EUR/GBP stg0.8420
Asian stocks rose, with the regional benchmark gauge heading for a 10-day advance, as Japan’s Nikkei 225 Stock Average capped its biggest annual gain since 1972 after the yen extended losses past 105 to the dollar.
Nikkei 225 16,291.31 +112.37 +0.69%
Hang Seng 23,244.87 +1.63 +0.01%
S&P/ASX 200 5,356.8 +32.74 +0.61%
Shanghai Composite 2,097.53 -3.72 -0.18%
Nikon Corp., a Japanese camera maker that counts North America as its biggest market, added 1.3 percent.
Forge Group Ltd., an engineering services firm, soared 55 percent in Sydney as its contract at the Roy Hill mine starts.
Nippon Paper Industries Co., Japan’s second-biggest company in the sector, slid 5.9 percent on a report operating profit probably dropped.
00:00 Japan Bank holiday
The dollar touched a five-year high versus the yen and headed for an annual gain against major peers amid optimism a sustained U.S. economic recovery will allow the Federal Reserve to cease bond purchases by the end of 2014.
The Bloomberg U.S. Dollar Index is set for its biggest annual advance in five years before reports this week that may show improvements in housing and manufacturing. Pending home sales in the U.S. probably gained 1 percent in November from the previous month, when they fell 0.6 percent, according to the median estimate of economists surveyed by Bloomberg News before today’s report by the National Association of Realtors. The S&P/Case-Shiller index of property prices in 20 cities climbed 13.5 percent in October from a year earlier, a separate poll showed ahead of figures due tomorrow.
The Institute for Supply Management may say on Jan. 2 its gauge of manufacturing in the world’s biggest economy was at 56.9 this month, indicating continued expansion after growing in November at the fastest pace in more than two years.
The euro is poised for the strongest advance among major developed currencies as European Central Bank officials damp prospects for interest-rate cuts. ECB President Mario Draghi sees no need for further cuts to the institution’s benchmark rate amid “encouraging signs” that the euro crisis may be resolved, Der Spiegel reported, citing an interview published Dec. 28. Policy makers in the region lowered the key rate last month by a quarter-percentage point to a record low of 0.25 percent.
Japan’s yen was poised for a yearly slide versus most major counterparts as Asian stocks strengthened, curbing demand for haven assets.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.3725-70
GBP / USD: during the Asian session, the pair traded in the range of $ 1.6465-00
USD / JPY: during the Asian session, the pair rose to Y105.40
00:00 Japan Bank holiday
15:00 U.S. Pending Home Sales (MoM) November -0.6% +1.1%