American focus: the euro regained ground rents

During the day, the mood of the market was moderately positive. During the first half of trading the euro rose against the U.S. dollar in low trading volume after the economic data were better than expected in Greece, and Italy's auction of treasury bills placement is successful. According to Italy has sold treasury bills to the bag 8 billion euros ($ 9.9 billion). Demand for the dollar was weak on the eve of release of data on the level of retail sales and industrial production, which will be published this week. But despite the significant growth that was more a figure during the European session, the euro is still unable to resist the pressure from sellers in the U.S. session. Ultimately the dollar against the euro to regain 40% of incurred losses during the day.

The pound fell against the euro after the Bank of England Governor Mervyn King said that the debt crisis in the euro area continue to hamper economic growth in the UK. Also on the depreciation of the currency affected by the fact that market participants are waiting for the publication of data on inflation, which is expected to slow to the minimum values ​​for the two and a half years.

The first part of the day the yen rose against most of the 16 major currencies as investors sought safe haven for their assets against the debt crisis in Europe, which negatively affects the growth of the global economy. It is also to strengthen the currency impact data, which showed that Japan's economy grew less than expected. Economic growth in Japan fell to 1.4% per annum in the second quarter compared with a revised 5.5 percent in the first three months of the year. But even after such a building could not hold out a couple of achieved values, and the remainder of the session showed growth, updating the maximum value of the day.

Course of the New Zealand dollar rose as market participants are waiting for the release of data on the level of retail sales that are projected to increase by 0.7%.

Also during the session were also recorded depreciation of the Australian dollar fell against 14 of the 16 major currencies as signs the global economic crisis eroded demand for higher-yielding currencies.