The dollar rallied against the majority of its most-traded counterparts as Federal Reserve Governor Jeremy Stein said the central bank may make a decision in September about tapering monetary stimulus.

The U.S. dollar rose against the Japanese yen and the euro after the publication of the index of consumer sentiment Michigansogo University / Reuters, the value of which turned out better than expected. According to the data, the final index of consumer sentiment rose in June to 84.1. Now the index is just below the nearly six-year high 84.5 reached in late May.

The U.S. dollar, despite the previously published data, which showed that manufacturing activity in the Chicago region slowed sharply in June. Adjusted for seasonal variations Purchasing Managers Index (PMI) of Chicago in June fell to 51.6 against 58.7 in the previous month. The index value was below the consensus estimate. A reading above 50 indicates expanding activity.

European currency earlier rose against the dollar after the EU leaders at their summit in Brussels to agree on the seven-year budget of the Community. All 27 EU member states supported the document, which has yet to be definitively approve the European Parliament.

Also boosted the euro helped the data for Germany, which showed that up to May, German retail sales were better than expected, as consumers returned to stores after being bypassed by their side because of the cold and rainy weather. According to the report, retail sales in May rose 0.8% in April, after three consecutive months of decline, exceeding economists' forecasts at 0.3%.

Value of the pound fell against the dollar, as the data from the Nationwide Agency showed that in June house prices in Britain rose again, showing at the same time increasing the fastest pace in more than two and a half years as mortgages have become more accessible and less expensive. According to the report, the monthly house price index rose in June by 0.3%, while the annual growth rate of 1.9%, which was the sharpest increase since September 2010. These achievements were below the 0.4% monthly rise and a 2.1% year-on-year increase that economists expected.

The Australian dollar fell and almost ready to fix your the biggest quarterly decline since 2008, ahead of a meeting of the Reserve Bank of Australia, which will take place on July 2. At the June meeting, the central bank left interest rates unchanged at 2.75%, confirming that "the current state of monetary policy continues to meet the situation." It has since been published many weak data, and analysts now expect the RBA will lower the interest rate by 25 basis points to 2.5%, and will also retain a bias towards further easing.

European stocks dropped, paring their biggest weekly gain in almost two months, as drugmakers retreated and a measure of business activity in the U.S. fell more than economists had projected.

A report today showed that Japanese industrial output rose 2 percent in May, the most since December 2011. Economists had projected that industrial production would climb 0.2 percent from the previous month, according to the median estimate in a survey.

In Europe, German retail sales rose in May more than economists had forecast. Sales adjusted for inflation and seasonal swings climbed 0.8 percent from April, when they fell a revised 0.1 percent, the Federal Statistics Office in Wiesbaden said. Economists had predicted an increase of 0.4 percent, according to the median of 23 estimates in a survey.

National benchmark indexes retreated in 14 of the 18 western-European markets today. France's CAC 40 Index dropped 0.8 percent and Germany's DAX Index slipped 0.4 percent. The U.K.'s FTSE 100 declined 0.6 percent, while Greece's ASE Index jumped 2.5 percent.

Air France-KLM retreated 2.8 percent to 6.89 euros. La Tribune reported that short- and medium-haul flights will weigh heavily on the airline's second-quarter results, according to La Tribune. The French newspaper did not identify its source.

Hannover Re lost 1.3 percent to 55.32 euros after Exane BNP Paribas SA downgraded the world's fourth-largest reinsurer to neutral from outperform, meaning that investors should not buy more of the shares. The brokerage cited deteriorating short-term trading conditions.

Mediaset climbed 2.8 percent to 2.90 euros after Credit Suisse raised its price target on the broadcaster to 4.40 euros from 2.65 euros. The brokerage cited growing evidence that the television-advertising markets in Italy and Spain have bottomed.

Serco jumped 2.7 percent to 616.5 pence after the U.K. services company said its investment in bidding for contracts and new market development activity has increased.

West Texas Intermediate headed for the third weekly gain in four on speculation that economic recovery in the U.S. and Germany will support fuel consumption.

Futures rose for a fifth day as U.S. consumers were more confident than forecast in June and German retail sales grew in May. WTI’s discount to Brent narrowed to the lowest level in more than two years as petroleum demand grew in the U.S. WTI is set for its first monthly advance this quarter, partly on renewed unrest in the Middle East could threaten supplies.

The Thomson Reuters final index of U.S. consumer sentiment was 84.1 in June. The median forecast in a Bloomberg survey called for 83 in the gauge after a preliminary reading of 82.7.

German sales adjusted for inflation and seasonal swings climbed 0.8 percent in May from April, according to the Federal Statistics Office in Wiesbaden. Economists had predicted an increase of 0.4 percent.

WTI for August delivery advanced 39 cents, or 0.4 percent, to $97.44 a barrel at 11:03 a.m. on the New York Mercantile Exchange after rising to $97.82, the highest intraday price since June 20. The volume of all futures traded was 4.2 percent lower than the 100-day average for the time of day. Futures are up 4 percent this week and little changed in the second quarter.

Brent for August settlement rose 30 cents, or 0.3 percent, to $103.12 a barrel on the London-based ICE Futures Europe exchange. Volume was 23 percent below the 100-day average. The European benchmark crude’s premium to WTI shrank to as little as $5.50, the least since January 2011.

Gold prices broke a series of four consecutive declines, starting growth in the last few hours after the release of U.S. consumer sentiment index.

U.S. consumers have become more optimistic about the economy at the end of June. This is evidenced by the published data on Friday, University of Michigan and Reuters. According to the data, the final index of consumer sentiment in June rose to 84.1 compared with the preliminary value of 82.7. Now the index is just below the nearly six-year high 84.5 reached in late May.

At the same time, before the price of gold fell to its lowest level since August 2010 and is likely to show the worst quarterly figure since 1968 for fear of reducing the Fed's incentive program.

Over the past week the spot price fell by 15 percent because of the Fed's plans to reduce the volume of buying up bonds this year and the second quarter of gold fell by 25 percent, the worst performance since the beginning of statistics in 1968.

In contrast to April, when the price fell to a 30-year low, the current decline in quotes do not stimulate much consumption of gold in the largest markets - China and India.

Gold futures in Shanghai on Friday fell by nearly 4 percent. Premium to the spot price in London is $ 4 an ounce in Hong Kong, $ 3 per ounce in Singapore and $ 2 - in Tokyo. Demand in India - the world's largest consumer of gold - rose slightly, as the government in an attempt to reduce the trade deficit increased import duty on precious metals.

Stocks of the world's largest exchange-traded fund backed by gold (ETF) SPDR Gold Trust remained close to a minimum of four years.

The cost of the August gold futures on COMEX today dropped to 1179.40 dollars an ounce, and then rose to 1220.80 dollars an ounce.

EUR/USD $1.2950, $1.3000, $1.3100, $1.3200

USD/JPY Y97.00, Y97.75, Y98.00, Y98.50, Y98.90, Y99.00

EUR/JPY Y127.00, Y128.00

GBP/USD $1.5200, $1.5350

USD/CHF Chf0.9480

EUR/CHF Chf1.2250

AUD/USD $0.9150, $0.9200, $0.9225, $0.9375, $0.9400

U.S. stock futures were little changed before reports on American consumer sentiment and business activity.

Global Stocks:

Nikkei 13,677.32 +463.77 +3.51%

Hang Seng 20,803.29 +363.21 +1.78%

Shanghai Composite 1,979.21 +29.19 +1.50%

FTSE 6,228.26 -15.14 -0.24%

CAC 3,737.02 -25.17 -0.67%

DAX 7,942.55 -48.20 -0.60%

Crude oil $97.09 +0.04%

Gold $1193.20 +1.52%

Data

01:30 Australia Private Sector Credit, m/m May +0.3% +0.3% +0.3%

01:30 Australia Private Sector Credit, y/y May +3.1% +2.9% +3.1%

05:00 Japan Housing Starts, y/y May +5.8% +6.3% +14.5%

06:00 United Kingdom Nationwide house price index June +0.4% +0.4% +0.3%

06:00 United Kingdom Nationwide house price index, y/y June +1.1% +2.1% +1.9%

06:00 Germany Retail sales, real adjusted May -0.4% +0.4% +0.8%

06:00 Germany Retail sales, real unadjusted, y/y May +1.8% +0.2% +0.4%

06:45 France Consumer spending May -0.3% 0.0% +0.5%

06:45 France Consumer spending, y/y May +0.2% +0.3% +0.6%

07:00 Switzerland KOF Leading Indicator June 1.10 1.21 1.16

10:00 Eurozone EU Economic Summit

12:00 Germany CPI, m/m (Preliminary) June +0.4% 0.0% +0.1%

12:00 Germany CPI, y/y (Preliminary) June +1.5% +1.7% +1.9%

European currency rose against the dollar after the EU leaders at their summit in Brussels to agree on the seven-year budget for the community. All 27 EU member states supported the document, which has yet to be definitively approve the European Parliament.

Scheduled for 2014-2020. expenses of 960 billion euros mean a real reduction of the budget. Despite this, EU leaders agreed to speed up the allocation of resources to overcome youth unemployment. In particular, in the next two years, six billion euros will be earmarked for the creation of jobs, education and training for young people. The European Union is now almost a quarter of the population aged 18 to 25 years old are unemployed. In Greece and Spain, the situation is even more difficult - more than half of young people are unemployed.

We also add that the growth of the euro helped the data for Germany, which showed that up to May, German retail sales were better than expected, as consumers returned to stores after being bypassed by their side because of the cold and rainy weather.

According to the report, retail sales in May rose 0.8% in April, after three consecutive months of decline, exceeding economists' forecasts at 0.3%. The data came out, adjusted for inflation, and take into account calendar effects. It should be noted that sales growth is based on a robust labor market and the prospects for improving consumer confidence and household spending. Recall that the German unemployment fell in June to 12,000 in the month, seasonally adjusted, reducing unemployment to its lowest level since December 2012. The index of consumer sentiment, meanwhile, is close to a six-month high.

In addition, data released today showed that German retail sales in May rose with inflation at 0.4% per annum, as households buy food and drinks before the bank holiday. German retail sales in January-May increased by 0.2% per annum.

Value of the pound fell against the dollar, as the data from the Nationwide Agency showed that in June house prices in Britain rose again, showing at the same time increasing the fastest pace in more than two and a half years as mortgages have become more accessible and less expensive.

According to the report, the monthly house price index rose in June by 0.3%, while the annual growth rate of 1.9%, which was the sharpest increase since September 2010. These achievements were below the 0.4% monthly rise and a 2.1% year-on-year increase that economists expected.

Recall that in May, house prices rose by 0.4% compared to the previous month and 1.1% for the year.

"A number of factors may be responsible for the recent acceleration" - said Robert Gardner, listing the modest gains in employment, reduction of interest rates on mortgage loans as a result of the government scheme to finance lending, and improve the overall economy.

"At the same time, there are few signs that the supply of housing is improving significantly," said Gardner. The lack of new buildings are likely to keep prices elevated, while government programs to support lending to remain in place, the Organization for Economic Cooperation and Development and the International Monetary Fund said this in a recent assessment of the UK economy.

The Australian dollar fell and almost ready to fix your the biggest quarterly decline since 2008, ahead of a meeting of the Reserve Bank of Australia. Economists are reminded that the meeting will take place on July 2 RBA's monetary policy.

At the June meeting, the central bank left interest rates unchanged at 2.75%, confirming that "the current state of monetary policy continues to meet the situation." It has since been published many weak data, and analysts now expect the RBA will lower the interest rate by 25 basis points to 2.5%, and will also retain a bias towards further easing. Economists add that this year, the Central Bank will lower borrowing costs one more time (October or November) in view of the prospects of further weakening of the economy. Some experts argue that the recent political uncertainty and the upcoming elections increase the likelihood that in the near future, the Bank will not make any changes in the current course of monetary policy. Nomura economists write, "then how can we make the argument in the aspect of what the central bank does not want to be influenced by the developments on the political front, we believe that the RBA understands the need for additional stimulus at the moment, so the authorities are unlikely to wait three months and will support the economy as early as next week. "

The yen fell against all of its major counterparts amid rising stock markets in Asia, which reduces the demand for foreign exchange asylum. So Chinese stocks rose for the first time last eight days after the People's Bank of China pledged to maintain the stability of the money market in the region. Reducing the yen contributed to the published data on industrial production. The May figure increased by 2%, whereas in the previous month was an increase of only 0.9%. It is worth noting that economists had forecast a 0.2% rise

EUR / USD: during the European session, the pair rose to $ 1.3079

GBP / USD: during the European session, the pair fell to $ 1.5224

USD / JPY: during the European session, the pair rose to Y99.15

At 12:30 GMT Canada will report on changes in the volume of GDP for April, and will release an index of commodity prices for May. At 13:45 GMT the United States will present the Chicago PMI index for June, and 13:55 GMT - an indicator of consumer confidence from the University of Michigan in June.

EUR/USD

Offers $1.3175/80, $1.3160, $1.3151, $1.3100/10, $1.3076

Bids $1.3031, $1.3030-20, $1.3000, $1.2985/80, $1.2960/50

GBP/USD

Offers $1.5420/30, $1.5395/400, $1.5370/80, $1.5345/50, $1.5295/300, $1.5280

Bids $1.5231, $1.5220, $1.5201, $1.5193

AUD/USD

Offers $0.9395/00, $0.9370/75, $0.9345/50, $0.9330, $0.9295/00, $0.9285/90

Bids $0.9210/00, $0.9180, $0.9150, $0.9125, $0.9120

EUR/GBP

Offers stg0.8595/600, stg0.8591, stg0.8570/80, stg0.8569

Bids stg0.8520/15, stg0.8500, stg0.8465/60, stg0.8445/40, stg0.8420

EUR/JPY

Offers Y130.00, Y129.91, Y129.70, Y129.50, Y129.41

Bids Y128.85/80, Y128.55/50, Y128.20, Y128.00, Y127.50

USD/JPY

Offers Y100.20, Y100.00, Y99.80, Y99.45/50, Y99.25/30

Bids Y98.70/65, Y98.20, Y98.00, Y97.60/50

European stocks fluctuated, heading for their biggest weekly gain in two months, as drugmakers retreated, offsetting a report that showed Japanese industrial production beat estimates. U.S. futures and Asian shares rose.

The Stoxx 600 declined less than 0.1 percent to 286.33 at 10:30 a.m. in London, erasing an advance of as much as 0.4 percent. The equity benchmark has increased 2.1 percent this week, halting a five-week decline. The gauge has still dropped 4.8 percent in June, paring its gain this year to 2.4 percent.

A report today showed that Japanese industrial output rose 2 percent in May, the most since December 2011. Economists had projected that industrial production would climb 0.2 percent from the previous month, according to the median estimate in survey.

Fed Bank of Atlanta President Dennis Lockhart, who has supported stimulus, said investors may have overreacted to Chairman Ben S. Bernanke's announcement that the central bank could start scaling back its bond purchases this year.

"In my view, the comments by the chairman do not constitute an enormous shift in policy," Lockhart said to the Kiwanis Club of Marietta. "I still anticipate that the very low interest-rate policy will remain in place for a considerable time after the end of asset purchases, and thus policy will remain highly accommodative."

German retail sales rose in May more than economists had forecast, adding to signs that a recovery in Europe's largest economy has gathered pace this quarter.

Sales adjusted for inflation and seasonal swings climbed 0.8 percent from April, when they fell a revised 0.1 percent, the Federal Statistics Office in Wiesbaden said today. Economists had predicted an increase of 0.4 percent, according to the median estimates in survey.

Roche Holding AG, the maker of the Avastin cancer drug, lost 1.7 percent for the largest drag on the Stoxx Europe 600 Index.

Mediaset SpA climbed 2.1 percent after Credit Suisse Group AG raised its price target on the shares. Serco Group Plc added 4.1 percent after predicting that its revenue growth in the first half will exceed its previous estimates.

FTSE 100 6,247.16 +3.76 +0.06%

CAC 40 3,746.1 -16.09 -0.43%

DAX 7,984.91 -5.84 -0.07%

Asian stocks rose, with the regional benchmark index headed for its biggest gain in nine months, amid signs the Japanese and U.S. economies are improving and assurances on stimulus efforts by the Federal Reserve.

Nikkei 225 13,677.32 +463.77 +3.51%

Hang Seng 20,803.29 +363.21 +1.78%

S&P/ASX 200 4,802.59 -8.69 -0.18%

Shanghai Composite 1,979.21 +29.19 +1.50%

Toyota Motor Corp., the world's biggest carmaker, rose 1.5 percent, pacing gains among Japanese exporters as the yen weakened.

Mitsubishi UFJ Financial Group Inc., Japan's No. 1 lender, climbed 4.1 percent after the nation's industrial output and retail sales beat expectations.

China Overseas Land & Investment Ltd., the largest mainland property company traded in Hong Kong, rose 4.6 percent on speculation the government will remove a ban on refinancing for real-estate development.

01:30 Australia Private Sector Credit, m/m May +0.3% +0.3% +0.3%

01:30 Australia Private Sector Credit, y/y May +3.1% +2.9% +3.1%

05:00 Japan Housing Starts, y/y May +5.8% +6.3% +14.5%

The yen fell against its 16 major peers, poised for a second weekly drop versus the dollar, as surging equity markets reduced demand for haven assets. Chinese stocks rose for the first time in eight days as People's Bank of China Governor Zhou Xiaochuan pledged money market stability. In Japan, consumer prices excluding fresh food were unchanged from a year earlier in May, the statistics bureau reported in Tokyo today, in line with analyst estimates. Industrial production increased 2 percent in May from the month before, when it rose 0.9 percent, according to preliminary figures from Japan's Ministry of Economy, Trade and Industry. Economists had forecast a 0.2 percent gain.

The U.S. currency climbed to a more than two-week high against the yen before data forecast to show consumer sentiment in the U.S. was stronger and business activity expanded this month. A report today is forecast to show U.S. consumer confidence was better than initially estimated in June. The Thomson Reuters/University of Michigan index of consumer sentiment was at 83 in June, compared with a prior reading of 82.7 for the month, according to the median estimate of economists in a Bloomberg News survey. The gauge would still be lower than the six-year high of 84.5 reached in May.

Australia's dollar fell, set for its biggest quarterly drop since 2008, before the Reserve Bank meets next week after saying it has scope to cut borrowing costs.

EUR / USD: during the Asian session the pair rose to $ 1.3075

GBP / USD: during the Asian session the pair rose to $ 1.5280

USD / JPY: during the Asian session the pair rose Y99.00

The US calendar starts at 1200GMT, when the first of the Fed speakers appears, As US Federal Reserve Gov. Jeremy Stein gives a speech on monetary policy to the Council on Foreign Relations in New York. At 1315GMT, Richmond Federal Reserve Bank President Jeffrey Lacker will deliver a speech on the economic outlook in White Sulphur Springs, West Virginia. Economic data sees the release of the June MNI Chicago Report at 1345GMT, followed by the June University of Michigan Consumer Sentiment report at 1355GMT. The MNI Chicago Report's business barometer is expected to fall back to a reading of 55.0 in June after surging to 58.7 in May, the highest reading since May 2012. The Michigan Sentiment index is expected to be revised up slightly to a reading of 83.0 in June from the 82.7 preliminary reading. There are two further Fed speakers to end the day. At 1600GMT, Cleveland Federal Reserve Bank Senior Vice President Mark Schweitzer will deliver a speech. Then, at 1930GMT, San Francisco Federal Reserve Bank President John Williams gives a speech on the economy in Rohnert Park, California.

Change % Change Last

GOLD 1,199.80 -30.00 -2.44%

OIL (WTI) 96.87 1.37 1.43%

Nikkei 225 13,213.55 379,54 2,96%

Hang Seng 20,513.42 174,87 0,86%

S & P / ASX 200 4,811.3 79,59 1,68%

Shanghai Composite -1,48 -0,08 1,950.01%

FTSE 100 6,243.4 +77.92 +1.26%

CAC 40 3,762.19 +36.15 +0.97%

DAX 7,990.75 +49.76 +0.63%

DJIA 15,024.50 114.35 0.77%

S&P 500 1,613.20 9.94 0.62%

NASDAQ 3,401.86 25.64 0.76%

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

EUR/USD $1,3036 +0,23%

GBP/USD $1,5257 -0,36%

USD/CHF Chf0,9450 +0,23%

USD/JPY Y98,43 +0,65%

EUR/JPY Y128,33 +0,91%

GBP/JPY Y150,17 +6,30%

AUD/USD $0,9282 +0,03%

NZD/USD $0,7797 +0,21%

USD/CAD C$1,0475 0,00%

00:00 China Leading Index May 99.8

01:30 Australia Private Sector Credit, m/m May +0.3% +0.3%

01:30 Australia Private Sector Credit, y/y May +3.1% +2.9%

05:00 Japan Housing Starts, y/y May +5.8% +6.3%

06:00 United Kingdom Nationwide house price index June +0.4% +0.4%

06:00 United Kingdom Nationwide house price index, y/y June +1.1% +2.1%

06:00 Germany Retail sales, real adjusted May -0.4% +0.4%

06:00 Germany Retail sales, real unadjusted, y/y May +1.8% +0.2%

06:45 France Consumer spending May -0.3% 0.0%

06:45 France Consumer spending, y/y May +0.2% +0.3%

07:00 Switzerland KOF Leading Indicator June 1.10 1.21

10:00 Eurozone EU Economic Summit

12:00 Germany CPI, m/m June +0.4% 0.0%

12:00 Germany CPI, y/y June +1.5% +1.7%

12:00ьU.S. FOMC Member Jeremy Stein Speaks

12:30 Canada Industrial Product Prices, m/m May -0.8% +0.7%

12:30 Canada Raw Material Price Index May -2.2% +2.3%

12:30 Canada GDP (m/m) April +0.2% 0.0%

13:45 U.S. Chicago Purchasing Managers' Index June 58.7 55.2

13:55 U.S. Reuters/Michigan Consumer Sentiment Index June 82.7 83.1