Market news
02.10.2012, 12:15

European session: the euro rose

Data
00:00 China Bank holiday -
01:30 Japan Labor Cash Earnings, YoY August -1.2% -0.9% 0.2%
04:30 Australia Announcement of the RBA decision on the discount rate - 3.50% 3.50% 3.25%
04:30 Australia RBA Rate Statement -
06:00 United Kingdom Nationwide house price index September +1.3% +0.2% -0.4%
06:00 United Kingdom Nationwide house price index, y/y September -0.7% -0.6% -1.4%
06:30 Australia RBA Commodity prices, y/y September -13.7% -14.9%
08:30 United Kingdom PMI Construction September 49.0 50.0 49.5
09:00 Eurozone Producer Price Index, MoM August +0.4% +0.6% +0.9%
09:00 Eurozone Producer Price Index (YoY) August +1.8% +2.6% +2.7%

The euro rose, recovering with the recent three-week low against the dollar amid growing signs that Spain was prepared to ask for help. But uncertainty about the timing of a negative impact on investor sentiment, which also causes the bulk sale of foreign currency.
Another risk factor is the rating agency Moody, which may soon revise the rating of Spain.
The Australian dollar fell today to a four-week low against the dollar and fell against the euro after the country's central bank cut interest rates by a quarter point, and leave room for further easing of monetary policy.
The pound rose for the first time in three days against the dollar as a report showed that the UK construction index declined at a slower pace in September.
Sensor construction activities, based on a review of Markit and the Chartered Institute of Purchasing and Supply, rose to 49.5 in September from 49 the previous month, while analysts expect the growth rate to the level of 49.9.
Sterling rose against the dollar even after a report showed that house prices in the UK fell in September. The average price of a house fell by 0.4 percent in August, and by 1.4% compared to last year.

EUR / USD: the pair decreased to $ 1.2880, then rose to $ 1.2930
GBP / USD: pair rose to $ 1.6170, then dropped to $ 1.6133 and is currently trading at $ 1.6145
USD / JPY: the pair is trading with an increase, setting all-time high at Y78.22

At 23:30 GMT Australia will index services from AIG in September.

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