American focus : the pound was up against the U.S. dollar

Euro traded higher against the U.S. dollar , due to the budget debates in the United States . Note that the focus of market participants are still directed to the U.S., where the government still has not resumed work in the absence of the adopted budget for entered a new fiscal year. Both sides continue to hold talks tough position and do not compromise , which ultimately could threaten the economic growth of the world 's largest economy . The situation in the U.S. dollar keeps under pressure , which showed a moderate decline against major currencies.

In general, the situation with the budget issues in the United States will continue to dominate the market in the near future . It will be added to concerns about the need to raise the debt ceiling , which will continue to put pressure on the U.S. dollar.

We add that the rumors about reaching an agreement in the U.S. for 6 months, which may put an end to " shatdaunu " and lead to an increase in the debt ceiling , walk from the 2nd half of the European session , stimulating the dollar, but since they have not been confirmed again the dollar has lost all its past earned the position .

The dollar fell against the yen , reaching with nearly two-month low , as Republicans and Democrats in the United States remain in their positions in opposition to the budget , and the partial termination of the U.S. government continues the following week.

On Sunday, Speaker of the U.S. House of Representatives John Boehner said that he can not go on government funding or an increase in the debt limit without the related negotiations on a broad spending cuts . This differs from the earlier statements Bonera - it was reported that he intends to avoid a default. Treasury Secretary Lew on Sunday said that the Congress was "playing with fire " if not increase the limit of public debt to 17 October.

Add that to the dynamics of trade has also affected the monthly report , which was published by the Central Bank of Japan. He showed that , according to forecasts , industrial production will continue to grow moderately in the coming months.

The report also noted that both public and residential investment is expected to continue upward trend, while business fixed investment will expand at a moderate pace , as the volume continues to increase corporate profits .

Meanwhile, the Bank of Japan has confirmed that private consumption is likely to remain stable, which will support the improvement in employment and an increase in revenue.

We also add that the Bank of Japan is forecast exports will mainly grow at a moderate pace background improvement in overseas economies.

The Canadian dollar fell against its U.S. counterpart after data on the number of building permits were significantly worse than expected , which increased the pressure on the foreign exchange market amid worries about the financial situation in the U.S. , as well as the prospects for global growth .

Data from Statistics Canada show that in August, the number of building permits fell to a record high , recorded in July , which was associated with a decrease in commercial projects, such as retail stores and office buildings.

Note that the total number of permits fell in August by 21.2 % to 6.34 billion Canadian dollars ( 6.14 billion U.S. dollars ) to 21.4 - percent increase in July. Economists had forecast a decline of only 2.4%.

In addition, it was reported that permits for non-residential construction fell by 37.9 % to 2.43 billion Canadian dollars against 3.91 billion dollars last month, while commercial projects fell by 45.8 % to 1.40 billion Canadian U.S. . Add that industrial permits fell 1.2 % to 526 million Canadian dollars , after rising 17.7 % in July , institutional permits fell 36.7 % to 507 million Canadian dollars, and permission for residential real estate fell by 5 , 4 % to 3.91 billion Canadian dollars in August. Note also that the number of housing permits fell 3.0% to 2.17 billion Canadian dollars for projects such as apartments and condominiums, fell by 8.3% to 1.74 billion Canadian dollars.