Market news
04.09.2012, 12:16

European session: the euro fluctuates

Data
01:30 Japan Labor Cash Earnings, YoY July -0.6% -0.3% -1.2%
01:30 Australia Current Account, bln Quarter II -14.9 -12.3 -11.8
04:30 Australia Announcement of the RBA decision on the discount rate September 3.50% 3.50% 3.50%
04:30 Australia RBA Rate Statement -
05:45 Switzerland Gross Domestic Product (QoQ) Quarter II +0.7% +0.2% -0.1%
05:45 Switzerland Gross Domestic Product (YoY) Quarter II +2.0% +1.6% +0.5%
08:30 United Kingdom PMI Construction August 50.9 50.1 49.0
09:00 Eurozone Producer Price Index, MoM July -0.5% +0.3% +0.4%
09:00 Eurozone Producer Price Index (YoY) July +1.8% +1.6% +1.8%

During the session, the euro close to two-week high against the yen on speculation the European Central Bank President Mario Draghi announced a plan to buy bonds in the region, which will increase confidence in the currency.
The single currency rose for a third day against the dollar after a member of the European Parliament, Jean-Paul said yesterday that Draghi told lawmakers that he will buy bonds with maturities of up to three years.
The Australian dollar rose after the Reserve Bank at its meeting again refrained from cutting interest rates, which are the highest among the developed countries of the world at a political rally.
The pound fell against the dollar after the data has registered a decline in business activity index in the construction sector below 50, indicating contraction.
The dollar index (DXY), which is used to track the value of the dollar against six major currencies, was down by 0.1% to 81.165.
Sterling fell against the single currency on speculation that the European Central Bank President Mario Draghi will announce the details of the purchase of bonds in the political council this week to help in overcoming the debt crisis in the region. Also reported the decline in yield on 10-year UK government bonds.
The Swiss franc weakened against the dollar after it became known that the level of the Swiss GDP for the second quarter decreased by 0.1%, which was the first time in three quarters.

EUR / USD: during the European session the pair reached a high of $ 1.2626, and then fell to session lows
GBP / USD: the pair grown, updating the yesterday's high, but I could not hold out and fell to a session low below
USD / JPY: pair almost came close to the lowest level on Monday, and then grew up and is now trading at Y78.35

In the U.S. at 13:00 GMT will index of business activity in the manufacturing sector, 14:00 GMT - ISM manufacturing index for August and 20:30 GMT - the change in volume of crude oil, according to API. Finish the day at 23:30 GMT Australia data on the index of activity in the service sector of the AiG in August.

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