European session: the U.S. currency rose moderately

Data

08:30 United Kingdom BBA Mortgage Approvals June 36.1 38.5 37.3

The dollar rose against the euro in anticipation of the publication of today's U.S. data, as well as tomorrow's release of the report on the index of business activity in the manufacturing sector in the Eurozone. According to the median forecast of economists figure that shows business confidence in the manufacturing sector of the EU economy is likely to grow to 49.1 in July from 48.7 in the previous month. These expectations correspond to the level of March 2012.

Note also that in part on the dynamics of trade affected the results of the auction on the debt of Spain, which surprised investors. The yield on securities maturing in 3 months, dropped to the level of 0.442% versus the value of 0.869% in the previous auction. The yield on the 9-month debt dropped to 1.152% against prev. 1.441%. Spain managed to raise € 3.52 billion, exceeding the planned amount of € 2.5-3.5 billion At this stage, the country has financed 72.9% of the planned for this year cash requirements

We also add that the U.S. dollar strengthened against the background of Treasury yields. The yield on 10-year U.S. Treasury bonds rose 3 basis points to 2.52%.

The pound was down against the U.S. dollar, which has been associated with the publication of data on the UK. In the British Bankers Association reported that by the end of last month the number of approved applications for mortgage loans increased moderately, reaching with the highest value since the beginning of 2012, but was less than the estimates of experts.

According to the report, in June of this indicator has risen to the level of 37.278 million, compared to 36.290 million in the previous month, which was revised upward from 36.1 thousand added that many economists expect growth to 38.5 thousand

In the British Bankers Association reported that the increase in approved applications was supported by the scheme of credit financing from the Bank of England, which has helped those who are first-time buyers.

In addition, the data showed that the number of re-mortgages, meanwhile, fell slightly - to the level of 20478 from 20670 last month.

The total number of mortgage loans, including the purchase of houses, re-mortgages and other secured loans rose in June to 66,917 from 65,993 in the previous month.

EUR / USD: during the European session, the pair dropped to $ 1.3161, and then went back up to $ 1.3185

GBP / USD: during the European session, the pair fell to $ 1.5328

USD / JPY: during the European session, the pair rose to Y100.19

At 12:30 GMT in Canada, there are data on changes in the volume of retail sales for May. At 14:00 GMT Eurozone will present indicator of consumer confidence for July. At 22:45 GMT New Zealand will announce its trade balance for June. At 23:50 GMT Japan will report on the overall balance of foreign trade in June.