European session: the euro fluctuates

Data
01:00 China Non-Manufacturing PMI August 55.6 56.3
01:30 Australia Retail sales (MoM) July +1.0% +0.3% -0.8%
01:30 Australia Retail Sales Y/Y July +4.1% +3.5%
01:30 Australia ANZ Job Advertisements (MoM) August -0.8% -2.3%
01:30 Australia Company Operating Profits Quarter II -4.0% +1.2% -0.7%
02:30 China HSBC Manufacturing PMI (finally) August 47.6 47.6
06:30 Australia RBA Commodity prices, y/y August -9.8% -13.7%
07:15 Switzerland Retail Sales Y/Y July +3.7% +4.5% +3.2%
07:30 Switzerland Manufacturing PMI August 48.6 49.2 46.7
07:50 France Manufacturing PMI (finally) August 46.2 46.2 46.0
07:55 Germany Manufacturing PMI (finally) August 45.1 45.1 44.7
08:00 Eurozone Manufacturing PMI (finally) August 45.3 45.3 45.1
08:30 United Kingdom Purchasing Manager Index Manufacturing August 45.4 46.2 49.5


In today's trading the euro traded in a narrow range against the U.S. dollar in relation to the output in the U.S. and Canada. Against this background, the market activity is quite low.
The yen rose against higher-yielding currencies such as the Australian and New Zealand dollar as signs of a global economic downturn caused demand for safe assets.
Japan's currency strengthened against 13 of its 16 major counterparts after a report showed the euro zone, that index of business activity in the manufacturing sector declined in August. Today revealed a reduction in the activity index non-manufacturing sector of China.
The Australian dollar fell to a five-week low against the U.S. dollar after retail sales declined. Federal Reserve Chairman Ben Bernanke said last week that we should not exclude stimulate growth.
The pound rose against the euro and the dollar after data showed that the level of production in the UK fell less than economists forecast.


EUR/USD: during the European session varies in a narrow range
GBP/USD: pair rose sharply, updating the Friday's high
USD/JPY: pair dropped to the lowest level on Friday, and then step back a little and is now trading at Y78.30


At 23:01 GMT the UK will monitor BRC retail sales for August. Canada and the United States celebrate Labor Day.