European session: the dollar strengthens

During the session, the euro exchange rate dropped after the published data showed that the level of German industrial production and exports declined, adding concern that that the sovereign debt crisis in Europe's largest economy is detrimental to the region.

The single currency currency fell against all 16 major currencies. As it became known, the level of German industrial production fell by 0.9% in June compared with May, while exports fell by 1.5%.

The pound rose against the dollar and euro after the Bank of England Governor Mervyn King said that the cuts in interest rates could be counterproductive.

At the same time, the yen rose against other major currencies.

EUR/USD: during the European session, the pair steadily declining and is now trading in the region of minimal values ​​of 6 August

GBP/USD: a couple has more than one figure on the following retreat from the maximum values, and is now trading at $ 1.5630/40

USD/JPY: during the European session, the pair set a minimum near Y78.20, but then increased to a value of Y78.40

At 12:30 GMT the U.S. will publish the changes in the level of labor productivity in the non-productive sector for the 2nd quarter and the change in the level of labor costs for the 2nd quarter. At 14:30 GMT the U.S., there are data on stocks of crude oil from the Ministry of Energy in August. At 17:00 GMT the U.S. puts 10-year bonds. Data on employment and unemployment in New Zealand for the 2nd quarter will be released in 22:45 GMT. At 23:50 GMT Japan will publish data on the change in orders for machinery and equipment for June.