Asian session: The dollar rose

The dollar and the Swiss franc rose against most of their major counterparts as concern the turmoil in Egypt will worsen and a decline in Asian stocks boosted demand for safer assets.

The U.S. currency gained for a second day versus the euro after Egyptian President Hosni Mubarak defied calls for his immediate resignation, agreeing only to delegate powers until an election in September.

Australia’s dollar slid below parity with the greenback as Reserve Bank Governor Glenn Stevens said policy makers judged it was “sensible” to keep interest rates on hold. South Korea’s won weakened after the central bank unexpectedly left rates unchanged

The dollar headed for a second weekly gain against the yen before a report today that economists said will show U.S. consumer confidence improved this month.

The Thomson Reuters/University of Michigan’s preliminary index of consumer sentiment rose to 75 from 74.2 in January, according to a survey.

EUR/USD: the pair decreased in around $1.3560.

GBP/USD: the pair decreased in around $1.6050.

USD/JPY: the pair grown in around Y83.50.

UK data at 0930GMT includes Construction Output data but is dominated by Produces Prices for January. PPI Output is expected to rise 0.6% m/m, 4.5% y/y with Core-Output prices at 0.3% m/m, 3.0% y/y and input prices at 1.5% m/m, 12.8% y/y.

At 1730GMT, ECB President Jean-Claude Trichet participates in an event in Bremen.

US data starts at 1330GMT, when the international trade gap is forecast to widen to $41.0 billion in December after narrowing further to $38.3 billion in November. Analysts will be watching the data closely to help reshape their 4Q GDP forecasts. Import prices rose 1.1% in December on a 3.9% surge in petroleum import prices. At the same time, export prices were boosted by a 1.7% rise in exported agriculture prices, based on data from the BLS. Boeing reported 24 aircraft deliveries to foreign buyers in December, up from 18 in October. US data

continues at 1455GMT, when the Michigan Sentiment index is expected to rise to a reading of 75.0 in early-February.

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