European session: the euro traded in a narrow range against the dollar

00:01 United Kingdom Rightmove House Price Index (MoM) December -2.6% -3.3%

00:01 United Kingdom Rightmove House Price Index (YoY) December +2.0% +1.4%

10:00 Eurozone Trade Balance s.a. October 11.0 10.8 7.9

The yen retreated from the 8.5-month low against the euro and a 20-month low against the dollar, which has been made in the Asian session after the Liberal Democratic Party, which advocated aggressive monetary easing, won the elections in Japan. However, the yen is still vulnerable on expectations that the Bank of Japan may announce the expansion of the program to mitigate this week.

The euro traded in a narrow range against the dollar, as data on the trade balance of the euro area and Italy had little influence on the dynamics of couples, as well as Greece's finance minister calls for the introduction of measures aimed at stimulating growth.

Seasonally-weighted data showed that the trade surplus narrowed from € 11 billion to € 7.9 billion, while excluding seasonal adjustment index increased more than expected, from € 9.5 billion to € 10.2 billion (versus expectations of € 15.5 billion ). Labor costs in the region increased by 1.9% (revised from 1.6%) to 2.0%.

Later today will be published data on the index of manufacturing activity in the U.S. Empire State, which, according to analysts, has strengthened in December from -5.22 to -0.50.

From America came the news that the Republicans can approve a tax increase for millionaires. Boehner spoke in favor of increasing taxes for people with incomes over $ 1 million from 35% to 39.6%, which will help to overcome the fiscal crisis in 2013, known as "the financial precipice."