American focus : the euro rose sharply against the U.S. dollar

The euro exchange rate rose substantially against the U.S. currency , and are now able to stabilize near the maximum values ​​of the session. Experts note that in light of the lack of important events in the calendar today , in the short term , markets will take a neutral position. However, as the ECB meeting on Thursday movements can significantly perk up . Although the probability of any new action on rates or other measures of support is maintained, the chances are that it will happen this month, a little.

It should also be noted that in the course of today's trading was also influenced by data that showed that the prices of manufactured goods in the euro zone fell at the fastest pace in nearly four years in October , it probably can reinforce fears that the low inflation that could threaten fragile recovery in Europe and in the world. Statistical agency of the European Union on Tuesday noted that producer prices fell 0.5 % m / m and were 1.4% lower than in October 2012. It was the largest drop in 12 - month period from December 2009 . Reduced prices for the month and the year was more than expected. Energy prices fell sharply by 3.6 %, while prices for intermediate goods recorded a decline of 1.8%. Meanwhile, the prices of capital goods and durable consumer goods rose by 0.5 % each.

Among the member states of the eurozone 's largest decrease was recorded in Cyprus, Bulgaria , the Netherlands and Croatia. The highest growth was recorded in Estonia , Ireland, Denmark and Romania. In the European Union as a whole, producer prices fell 1.1 % in October , after falling 0.6 % in September. On a monthly measurement of prices decreased by 0.6 % , after a 0.1% rise in the previous month.

Pound has risen considerably against the U.S. dollar , thus restoring lost almost all positions yesterday , which was associated with the release of strong data on UK PMI construction sector. As it became known , the activity in the UK construction sector grew in November at the fastest pace since August 2007 . According to the company Markit and Chartered Institute of Chartered Surveyors, the Purchasing Managers Index (PMI) for the UK construction sector in November rose to 62.6 from 59.4 in October , exceeding the level of 50, delimiting the increased activity on its decline. Components of output and employment grew the strongest pace since August 2007 . The increase in new orders was the fastest since September 2007 . Activity in the sphere of housing construction rose at the fastest pace in a decade in November. Work on commercial construction projects increased the strongest pace since September 2007 . Activities in the field of civil construction also increased at a steady pace , but the growth rate is almost unchanged compared with October .

Recent reports on strong industrial and construction PMI confirmed the strong recovery of the British economy , the pound strengthened . The next major event will be tomorrow's publication services PMI Britain before the upcoming meeting of the Bank of England.