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- European session: The euro fell
European session: The euro fell
08:30 United Kingdom PSNCR, bln August 11.8
08:30 United Kingdom PSNB, bln August 15.9
08:30 United Kingdom Bank of England Minutes
The Dollar advanced for the third time in four days amid speculation the Federal Reserve will announce further stimulus measures for the world’s biggest economy following a two-day policy meeting.
The pound slid most of its major peers after minutes of the Bank of England’s most-recent meeting showed policy makers said growth in the second half of 2011 may be “materially weaker” than projected in August. The central bank kept its key rate at a record low of 0.5 percent in September and left bond purchases at 200 billion pounds ($314 billion).
Canada’s dollar fell for a third straight day as slowing economic growth concern discouraged demand for higher-yielding assets.The International Monetary Fund cut Canada’s economic growth forecast yesterday to 2.1 percent for this year from 2.9 percent
EUR/USD: the pair fell to $1.3605.
GBP/USD: the pair fell to $1.5700.
USD/JPY: the pair holds Y76.20-Y76.30.
At 1300GMT, THE IMF releases ITS Global Financial Stability Report, in Washington.
More US data is released at 1300GMT, with the release of the August Existing Home Sales data.
The day's main event is at 1815GMT, when the FOMC monetary policy announcement is made, following a two-day meet.
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