American focus : the euro rose

The euro rose moderately against the dollar , helped by positive data on the balance of payments in Germany. As it became known , the surplus of the current account balance Germany in October fell not so much as expected. Unadjusted he declined to 19.1 billion euros against a revised 20.0 billion euros in September. It's more than economists forecast , which was 16.8 billion euros

Nevertheless, the positive part of this was offset by other data , which showed that the trade surplus with adjustments for seasonal and calendar factors in October fell to 16.8 billion euros compared with 18.7 billion euros in September. It was also less than economists forecast , which was 17.4 billion euros.

We also add that bullish about the single currency has persisted despite the drop in the index of investor sentiment Sentix to 8 vs. 10.4 and the previous value of 9.3. Experts note that the growth momentum of the eurozone remains too slow to eliminate the risks of disinflation / deflation. So , on the agenda is the prospect of easing by the ECB , which is negative for the euro

It should also be noted that the euro was little reaction to weak report on industrial production , which showed a decrease in volume by 1.2 % in October , although expected to grow by 0.8%.

The yen fell slightly against the dollar on data that were worse than expected . Report from the Cabinet Office showed that the Japanese economy in the third quarter increased by 0.3 %. According to preliminary data, the growth was at 0.5% . Revision due to the fact that capital investments were lower than the original estimate, due to weak foreign demand . Compared with the first half of the year growth has slowed considerably - when he was about 4.0 %, which overtook the U.S. growth . The government and the central bank of Japan expect recovery of exports and business investment in the country, which is seen as necessary in order that the economy continued to increase after the increase in the sales tax in April next year . However, the government revised data for capital expenditure from 0.7% in the preliminary estimate of GDP to change no change . Has also been reduced growth rate of reserves - to 0.7 % on an annualized basis . Revision of data on GDP growth downward confirms the fragility of economic recovery in Japan , to benefit from short-term demand growth before sales tax increase in April.