European session: Dollar drops

During the session, the dollar down amid speculation that the Federal Reserve System and the Government of China will take further measures to stimulate economic growth, which led to a decline in demand for safe assets.

The U.S. currency fell against all but one of 16 primary. Australian and New Zealand dollars are now showing rapid growth. The euro fell against the yen, which was caused by an increase in bond yields in Spain. We also learned that China could reduce banks' reserve requirements, when the Cabinet meets to discuss ways to stimulate growth. Fed Chairman Ben Bernanke said yesterday that the timing of further stimulation until the feud is not certain.

The dollar index, which tracks the greenback against six major trading partners, fell 0.3% to 82.787, while showing the lowest level since July 5.

EUR/USD: during the European session, the pair reached a high of $ 1.2320, followed by a slight decrease

GBP/USD: steam during the session was moving erratically, setting all-time high at $ 1.5695, and is now trying to overcome it

USD/JPY: pair reached a minimum at Y78.45, little recoil, and is now trading in the minimum values ​​of the day

At 12:30 GMT in Canada becomes aware of change in the volume of wholesale trade in May. At the same time, the U.S. will report on the number of initial claims for unemployment benefits in July, the number of repeated applications for unemployment benefits in July, the volume of home sales in the secondary market in June. There will also be presented to the Fed manufacturing index for July-Philadelphia. At 14:30 GMT in Canada will publish a report of the Bank of Canada's monetary policy for the third quarter. At 15:15 GMT in Canada will be a press conference of the Bank of Canada. Finished the day in 22:45 GMT New Zealand data on the consumer price index for the second quarter.