European session: the dollar has increased significantly

Data

07:00 Switzerland Trade Balance January 1.00 1.74 2.13

08:00 France Manufacturing PMI (Preliminary) February 42.9 43.9 43.6

08:00 France Services PMI (Preliminary) February 43.6 44.5 42.7

08:30 Germany Manufacturing PMI (Preliminary) February 49.8 50.4 50.1

08:30 Germany Services PMI (Preliminary) February 55.7 55.5 54.1

09:00 Eurozone Manufacturing PMI (Preliminary) February 47.9 48.4 47.8

09:00 Eurozone Services PMI (Preliminary) February 48.6 49.2 47.3

09:30 United Kingdom PSNB, bln January 13.2 -11.3 -9.8

11:00 United Kingdom CBI industrial order books balance February -20 -16 -14

The euro fell against the dollar, dropping below the level at the same $ 1.32 for the first time in six weeks after a report showed that the decline in the private sector continued in the euro zone this month, interrupted in this series increases, which lasted for the previous three months . According to the report, the composite index, which assesses activity in the manufacturing sector and the service sector fell in February to the level of 47.3, up from 48.6 in January. Note that according to the average forecast value of this indicator was increased to the level of 49. At the same time, the data showed that the index of business activity in the services sector fell to a level 47.3, compared to 48.6 in January, as well as Experts rate at around 49.2. Meanwhile, the index of business activity in the manufacturing sector fell to 47.8 from 47.9 in January.

The single currency also fell against the yen on speculation the European Central Bank will keep borrowing costs lower over time to help stimulate the recovery.

The dollar index rose to five-month high before the release of the U.S. leading indicators and regional indicators of production, which can add evidence that the economy is gaining momentum.

The yen rose against all 16 major currencies, after the media reported that the former deputy head of the Bank of Japan Iwata and Asian Development Bank President Haruhiko Kuroda, considered as prime candidates for the post of head of the central bank. Note also that Iwata stands for foreign purchases of bonds.

The pound fell to its lowest level since July 2010 against the dollar after the minutes of the FOMC meeting made clear, a number of Fed officials favored asset repurchase rate adjustments as new data with the possibility of a more rapid cessation of incentive programs than assumed the current legal Installation of U.S. securities. However, despite these concerns, the pound was able to recover all their lost during today's trading position, setting all new session high.

EUR / USD: during the European session, the pair decreased by setting the minimum at $ 1.3165

GBP / USD: during the European session, the pair rose to a maximum of $ 1.5270

USD / JPY: during the European session the pair fell to Y92.77, and is now trading at Y93.16

At 13:30 GMT the United States will be released consumer price index, consumer price index excluding prices for food and energy, the Consumer Price Index (not seasonally adjusted), the main consumer price index for January. At 14:00 GMT the U.S. will provide an index of business activity in the manufacturing sector in February. At 15:00 GMT the United States will report on the volume of sales in the secondary market in January, and will be published by the manufacturing index, the Philadelphia Fed in February. At 22:30 GMT head of the Reserve Bank of Australia makes a speech.