European session: the dollar is rising

The euro rose today to an eight-month high against the yen, due to the fact that the finance ministers of the EU closer to a bank union to reach an agreement with the single banking supervisors. Against this background, the demand for currency in the region has grown significantly.

The single currency is headed for its weekly gain against the dollar, as EU leaders agreed to start work next year to create a banking union. But, despite this, the pair began to lose its position, which was triggered by the index of business activity in the manufacturing sector in France and later in Germany, which was worse than expected.

The yen fell to the weakest level since March against the dollar after the quarterly business confidence index fell more than economists expected, increasing the probability of the measures of monetary easing by the Bank of Japan.

The data showed that the index of activity in the sector of large manufacturers deteriorated in December to -12, its lowest level since March 2010. Recall that a negative value means that the number of pessimists than optimists.

EUR / USD: during the European session, the pair dropped significantly, reaching $ 1.3067, followed by a correction, which is again passed to the downward movement and almost close to session lows

GBP / USD: during the European session the pair fell from the maximum values, and now goes to the lows of the day at $ 1.6100

USD / JPY: during the European session the pair fell to Y83.60, then recovered slightly and is now trading at Y83.73

At 13:30 GMT the U.S. will release the consumer price index and the core consumer price index. At the same time, Canada will provide data on the supply of the manufacturing sector. At 16:00 GMT the U.S. will release preliminary data on the index of business activity in the manufacturing sector. At 14:15 GMT the United States, there are data on industrial production and the use of production capacity in November.