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- European session: the dollar gained
European session: the dollar gained
Data:
07:00 Germany Producer Price Index (MoM) February +0.6% +0.5% +0.4%
07:00 Germany Producer Price Index (YoY) February +3.4% +3.2% +3.2%
08:15 Switzerland Industrial Production (QoQ) IV quarter -1.4% +0.4% +7.9%
08:15 Switzerland Industrial Production (YoY) IV quarter -1.4% -2.0% -2.0%
09:30 United Kingdom HICP, m/m February -0.5% +0.4% +0.3%
09:30 United Kingdom HICP, Y/Y February +3.6% +3.4% +3.4%
09:30 United Kingdom HICP ex EFAT, Y/Y February +2.6% +2.4% +2.4%
09:30 United Kingdom Retail Price Index, m/m February -0.6% +0.6% +0.8%
09:30 United Kingdom Retail prices, Y/Y February +3.9% +3.4% +3.7%
11:00 United Kingdom CBI industrial order books balance March -3 -5 -8
The dollar rose after BHP Billiton Ltd. (BHP) said China’s steel production is slowing, boosting demand for the relative safety of the U.S. currency.
BHP, whose biggest customer is China, is re-evaluating spending plans amid slowing Chinese growth, the Australian Financial Review reported today, citing comments by Chairman Jacques Nasser to investors.
The U.S. currency also advanced as stocks declined around the world, spurring investor appetite for safer securities.
The euro also weakened against the dollar as a report showed German producer prices rose at a slower pace last month.
EUR/USD: the pair decreased below $1,3200.
GBP/USD: the pair showed low in $1.5830 area.
USD/JPY: during european session the pair grown in Y83.70 area.
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