Data:
08:30 United Kingdom BBA Mortgage Approvals March 33.1 34.3 31.8
09:00 Eurozone Business climate indicator April -0.30 -0.30 -0.52
09:00 Eurozone Industrial confidence April -7.2 -7.0 -9.0
10:00 United Kingdom CBI retail sales volume balance April 0 -3 -6
12:00 Germany CPI, m/m (preliminary) April +0.4% +0.1% +0.2%
12:00 Germany CPI, y/y (preliminary) April +2.3% +2.0% +2.2%
12:30 U.S. Initial Jobless Claims 21.04.2012 386 378 388
In early European session, the euro rose to a three-week high against the dollar in the wake of Bernanke's comments, published on Wednesday night, according to which the central bank is still willing to use its balance sheet to stimulate the world's largest economy, if the labor market weakens or inflation expectations will fall below the target level . However, a few hours later, the euro retreated against the dollar under pressure from weak data on the sentiment index in the business community and business optimism in the industry, the eurozone, which were lower than projected. The negative sentiment intensified after a six-month bill yield increase of Italy. Today, the Italian government posted the bond with a maturity of October 31 this year at 8.5 billion euros, as planned. Yield securities increased to 1.77% from 1.12% recorded in the previous auction of similar securities, held a month earlier. Note that the demand exceeded supply by 1.7 times. Also, the fall of the euro coincided with the data on the growth of inflation in Germany.
The pound fell against the dollar after the index of retail sales according to the Confederation of British Industry was worse than expected, falling to -6 points vs 0 points in the previous month.
Demonstrates the growth of the Japanese yen before the meeting of the Bank of Japan, dedicated to monetary policy. Today the Minister of National Strategy of Japan said that the Bank of Japan should consider various options for action, including ways to purchase financial assets. Since the yen is undesirable sharp movements, and the strong yen affects the attempts of companies to support the production activity.
The pressure exerted on the dollar of an increase in applications for unemployment benefits. Thus, the number of initial applications for unemployment benefits last week reached 388 thousand, 375 thousand expected.
EUR / USD: steam updated daily minimum in the region, dropping below $ 1.3200 after the release of unemployment data was restored in the area of $ 1.3220.
GBP / USD: the pair fell to $ 1.6165. Later the course was restored to the area of $ 1.6190.
USD / JPY: the pair of shows at least Y80, 65.
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