European session: the euro continues to rise

Data
08:30 United Kingdom Bank of England Minutes -
08:30 United Kingdom Claimant count September -15.0 -0.2 -4
08:30 United Kingdom Claimant Count Rate September 4.8% 4.8% 4.8%
08:30 United Kingdom ILO Unemployment Rate August 8.1% 8.1% 7.9%
08:30 United Kingdom Average Earnings, 3m/y August +1.5% +1.6% +1.7%
08:30 United Kingdom Average earnings ex bonuses, 3 m/y August +1.9% +2.0% +2.0%
09:00 Switzerland Credit Suisse ZEW Survey (Expectations) October -34.9 -28.9
09:00 Eurozone Construction Output, m/m August -0.3% +0.7%
09:00 Eurozone Construction Output, y/y August -4.7% -5.5%

The euro strengthened to one-month high against the dollar after Moody's affirmed the long-term rating of Spain at Baa3, and the rating outlook is negative.
The single currency rose for a fifth day against the yen on speculation that European Union leaders at tomorrow's meeting in Brussels, agreed to grant additional aid for Greece. Also today, the yield on 10-year bonds in Spain fell by 29 basis points to a level of 5.51%, the lowest level since April 4, while the yield on 10-year Italian bonds reached the lowest level since March 19.
At the same time, options traders reduced their short positions in the euro against the dollar up to the minimum values ​​for more than two years.
Dollar fell ahead of the report from the United States, which, as economists say, will increase the level of housing construction in the last month.
The pound rose against the dollar after the data from the UK showed that the unemployment rate unexpectedly fell. At the same time, it was a record number of workers, which was due to the Olympic Games.
The dollar index, which is used to track the value of the dollar against the currencies of six U.S. partner, decreased by 0.5% to 79.034.
Australia's currency rose to a two-week high against the U.S. dollar, as investors sought higher-yielding assets.

EUR/USD: pair rose sharply, updating the current session high, and is now trading at $ 1.3121
GBP/USD: the pair is trading with a significant increase in the vicinity of the maximum values ​​of the day at $ 1.6165
USD/JPY: the pair decreased and is now close to the minimum values ​​of the day at Y78.65

At 12:30 GMT the United States will report on the volume of building permits issued and the number of new foundations of bookmarks for September. At 14:30 GMT the U.S. will release data on stocks of crude oil from the Department of Energy in October.