European session: the dollar is moving in different directions against the euro amid budget dispute

Data

00:30 AU Gross mortgage lending in August +2.4% -2.1% -3.9%

1:30 China's Producer Price Index y / y in September -1.6% -1.4% -1.3%

1:30 China Consumer Price Index y / y in September +2.6% +2.8% +3.1%

7:15 Index Switzerland Producer and Import Prices m / m in September +0.2% +0.3% +0.1%

7:15 Index Switzerland Producer and Import Prices y / y in September 0.2% 0.0% 0.0%

09:00 EU Industrial Production m / m in August -1.5% +0.8% +1.0%

09:00 EU Industrial Production y / y in August -2.1% -2.5% -2.1%

09:00 EU Eurogroup meeting

The euro rose against the dollar , recovering with a minimum values ​​of the session , which helped the published data on industrial production in the Eurozone.

The report showed that the seasonally adjusted August industrial output increased by 1 percent , thus offsetting the decline in the level of 1 percent, which was recorded in July. It is worth noting that many economists had forecast a modest rise in August, and it was at 0.8 percent, compared with a fall of 1.5 percent, which was originally reported last month . We also recall that in June , industrial production increased by 0.7 percent.

Meanwhile, it was reported that the production of capital goods increased by 2.4 percent, while the production of intermediate goods increased by 0.9 percent. We also add that the volume of consumer goods were up 0.8 percent compared to July , and the output from the energy sector increased by 0.4 percent.

At Statistics also reported that on an annualized basis , industrial output fell in August by 2.1 percent, which was slightly slower than the decline of 2.5 percent , which many economists had forecast . Note that this deterioration followed a decline of 1.9 percent in July , which was revised from -2.1 percent.

We also add that the pressure on the U.S. currency is inconclusive talks between President Barack Obama and Republicans in the Senate. On Friday, the Republican members of the House of Representatives of the United States appealed to President Barack Obama to offer " short-term " to raise the U.S. debt ceiling and pass a budget for 2014 in exchange for a reduction in government spending. But the White House rejected the project.

The pound strengthened against the U.S. currency, but in spite of this, continues to trade near four-week low , as many market participants are waiting for release of an important report on the UK this week. Note that the most anticipated event will be the publication of the report on the unemployment rate . Experts estimate the value of this indicator will remain unchanged - at 7.7 percent.

Pound is also rising against the background of the negotiations to raise the U.S. debt ceiling again deadlocked.

EUR / USD: during the European session, the pair fell from $ 1.3570 to $ 1.3543 , but later recovered to $ 1.3567

GBP / USD: during the European session, the pair fell to $ 1.5952 , according to then rose to $ 1.5995

USD / JPY: during the European session, the pair fell to Y98.16.