European session: the euro rose to the strongest level in six weeks most versus the dollar

06:00   Germany CPI, m/m (Finally) March +0.5% +0.5% +0.5%

06:00 Germany CPI, y/y (Finally) March +1.4% +1.4% +1.4%

06:45 France CPI, m/m March +0.3% +0.7% +0.8%

06:45 France CPI, y/y March +1.0% +1.0% +1.0%

08:00 Eurozone ECB Monthly Report April

The euro rose to the strongest level in six weeks most versus the dollar as Italian and Spanish borrowing costs fell, indicating optimism that Europe’s debt crisis is abating. The 17-nation currency advanced to a more than three-year high versus the yen.

The greenback declined versus 15 of its 16 major peers as investors bet that central banks around the world will maintain stimulus measures, bolstering demand for higher- yielding assets.

The yen halted a decline versus the U.S. currency that took it to within 0.2 percent of 100 per dollar.

Australia’s currency jumped to the highest since January and the New Zealand dollar strengthened to the most since August 2011.

Earlier today, the Australian dollar fell after news of an unexpected increase in unemployment in March. Unemployment in Australia in March rose to its highest level in more than three years, casting doubt on the view that the economy in the past period in 2013 strengthened, supported by near-record low interest rates. As reported on Thursday, Australian Bureau of Statistics, the unemployment rate in Australia in March, adjusted for seasonal variations rose to 5.6% from 5.4% in February. Economists had expected that he would remain unchanged, and again will be 5.4%.

The New Zealand dollar rose to a 20-month high on Thursday on remarks made by Finance Minister Bill English that the state budget for the 2013-2014 fiscal year will involve the development of a surplus in the 2014-2015 financial year. A strong index of activity in the manufacturing sector of New Zealand presented by BNZ Capital-Business NZ, also contributed to the growth of the New Zealand currency. Despite the fact that in March, with the seasonally adjusted index fell to 53.4 against 56.0 in February, it remained above the 50 level that indicates an increase in activity. These New Zealand's housing market has also been positive. According to the report, the Real Estate Institute of New Zealand (REINZ), the median price of housing in March increased by 4.7% compared to February and totaled 400,000 New Zealand dollars (344,000 U.S. dollars). Compared with the same period last year the median price rose 8.1%.

EUR / USD: during the European session, the pair rose to $ 1.3138

GBP / USD: during the European session, the pair rose to $ 1.5407

USD / JPY: during the European session, the pair fell to Y99.32

At 12:30 GMT, Canada will publish the index of housing prices in the primary market in February. At 12:30 GMT the United States will number of initial claims for unemployment insurance, the number of continuing claims for unemployment benefits, the import price index for March. At 23:50 GMT Japan will publish the index of activity in the service sector in February.