Analytics, News, and Forecasts for CFD Markets: currency news — 23-08-2012.

The euro rose to a seven-week high against the dollar, with increased expectations that the U.S. and China ease monetary policy to stimulate economic growth, which will increase the demand for higher-yielding assets.

The U.S. currency fell after the minutes of the last meeting of the Federal Open Market Committee showed many politicians in favor of additional measures to support the economy. The third round of asset purchases will provide confidence in the markets, which must be sufficiently adaptive for quite some time.

The pound fell after the published data showed that the number of approved applications for mortgage loans as BBA unexpectedly rose in July.

The New Zealand dollar strengthened against all but one of the major currencies due to the appreciation of Asian stocks. Rates also rose to two-week high after the head of the Federal Reserve Bank of Chicago Charles Evans said that the promotion of monetary policy is to support the growth of the world economy.

The representative of the People's Bank of China Governor Zhou Xiaochuan said yesterday that the adjustment of interest rates and banks' reserve requirements still possible, after the central bank stepped up temporary cash infusions this month.

The Australian dollar strengthened after a report showed that China's manufacturing sector in August showed the fastest rates of decline over the last nine months, increasing the concern that the demand for commodity exports will decline.

The dollar index, which tracks the greenback against six major currencies, fell today by 0.3% to 81.284, which is a minimum of 20 June.

EUR/USD: in the course of trade, the pair grew up, setting all-time high at $ 1.2573, then dropped slightly and is now trading at a value of $ 1.2550

GBP/USD: a pair of sharply peaked at $ 1.5910, then dropped to and now stands at $ 1.5865

USD/JPY: the course in mid-session trading in a narrow range after yesterday's substantial reduction

The main U.S. data will be: traditional statistics on applications for unemployment benefits (12:30 GMT) and the data on the volume of sales in the primary market (14:00 GMT), which will be released simultaneously with the index of house prices.

Later statistics attract attention on the trade balance of New Zealand (22:45 GMT) and the speech of the RBA (23:30 GMT).

Day complete data on the price index for services among Japanese corporations (23:50 GMT).

The dollar slid versus most of its major peers for a fourth day as Federal Reserve Bank of Chicago President Charles Evans reiterated the case for more monetary easing that tends to debase the greenback.

The U.S. currency touched a seven-week low against the euro after minutes of the Federal Open Market Committee’s most recent meeting showed many policy makers favor additional measures to stimulate growth.

Demand for the euro was tempered before the release of European purchasing managers’ indexes for manufacturing and services. A composite index based on a survey of purchasing managers in services and manufacturing in the euro area probably held at 46.5 this month, according to the median estimate of economists surveyed by Bloomberg News before Markit Economics releases the data today. Manufacturing gauges in Germany and France may also show readings below 50, the dividing line between contraction and expansion, for a sixth month in August, according to separate polls.

The Australian dollar pared an earlier advance of as much as 0.4 percent against its U.S. counterpart after a preliminary reading showed a manufacturing PMI released today by HSBC Holdings Plc and Markit Economics was at 47.8 this month. The final figure for July was 49.3.

EUR / USD: during the Asian session, the pair rose by updating the monthly high.

GBP / USD: during the Asian session, the pair rose above $ 1.5900.

USD / JPY: during the Asian session the pair fell to Y78.50.

European data for Thursday starts at 0600GMT with Germandetailed GDP for the second quarter, which is expected to confirm a final reading of 0.3% q/q. This morning also sees the release of the flash manufacturing/services PMIs for August, including France, which is expected to see manufacturing at 43.7 and services at 50.0 and Germany (43.4/50.1). This leads up to the main EMU release at 0658GMT, which is expected to see manufacturing at 44.2 and services at 47.7 with the composite number at 46.5. At 1700GMT, German Chancellor Angela Merkel is due to welcome French President Francois Hollande, in Berlin. UK data at 0830GMT sees BBA Lending Data for July, while this isfollowed at 1000GMT with the CBI Monthly Distributive Trades data for August. US data starts at 1230GMT, when initial jobless claims are expected to fall 1,000 to 365,000 in August 18 employment survey week, downsharply from 388,000 in the July 14 employment survey week. US Markit PMI data is due at 1258GMT. US data then continues with the 1400GMT release of July New Home Sales and BLS Mass Layoffs as well as the June FHFA Home Price Index.