European session: the euro rose

Data:

01:30 Australia National Australia Bank's Business Confidence August 4 -2

05:30 France Non-Farm Payrolls (finally) Quarter II -0.1% -0.1% -0.1%

06:00 Japan Prelim Machine Tool Orders, y/y August -6.7% -2.6%

08:30 United Kingdom Trade in goods July -10.1 -8.9 -7.4

The euro rose to its highest level in almost four months against the dollar after the German Constitutional Court has declared that it will not postpone the decision on the European Stability Mechanism, scheduled for Wednesday, denying rumors appeared on the market.

Support for the single currency also had a statement of the prime minister of Finland to the fact that all parties of the country in favor of the preservation of euro membership.

The dollar fell to its lowest level in nearly six weeks against the yen on the eve of a two-day meeting of the Federal Reserve System. Most market participants expect the Fed will begin the third phase of the acquisition of government bonds - "quantitative easing" or QE3, and economists estimate the probability of QE3 at 60 percent.

The New Zealand dollar strengthened against all major currencies after the agency Fitch Ratings affirmed the country's AA.

The British pound rose after the data on the country's trade balance, which showed a sharp narrowing of the trade deficit.