European session: the euro rose slightly against the U.S. dollar

Data

7:00 Switzerland indicator of consumer activity from UBS November 1.26 1.43

The euro exchange rate rose slightly against the U.S. dollar , helped by expectations publication of data on the United States. Today will be published important data on inflation and the level of expenditure of the U.S. population . According to the median forecast of economists , income of the American population , as costs increase in November by 0.5 % compared with the previous month . Index PCE Core, which draws the attention of the Federal Reserve System in assessing the risks of inflation is expected to rise by 0.1% compared to October and by 1.2% compared with November 2012 .

Equally important will also be a report on consumer confidence. According to forecasts, the final index of consumer confidence from Reuters and the University of Michigan in December rose to the level of 82.9 points, compared with an initial value of around 82.5 points, and the final reading for November - at the level of 75.1 points .

Meanwhile, add that little support for the dollar had a statement of the head of the IMF , Christine Lagarde, the fund 's readiness to improve the prognosis of the U.S. economy in 2014. Lagarde noted that U.S. growth strengthened that definitely lead to further improve the business climate in the next year.

The Swiss franc rose moderately against the U.S. dollar , which helped the publication of data on positive Switzerland. The results of recent studies , which were presented earlier today UBS, showed that the rate of consumer activity in Switzerland rose last month , as the Christmas shopping period lifted the mood in the retail sector .

According to the report , consumption indicator rose to 1.43 points in November , compared with 1.26 points in October . This increase was due to higher assessment of business conditions in the retail sector , although weak data on new car registrations have prevented more substantial growth , the report said .

Meanwhile, it became known that the index of business conditions in the retail sector , compiled by the Institute KOF, which is one of five sub - indicators in the indicator of consumer activity UBS, rose in November to a level of 6 points compared with 1.5 points a month earlier.

The Canadian dollar rose substantially against the U.S. dollar , as the focus of market participants began to gradually switch to Canadian GDP data . According to the average forecasts of experts , at the end of October , the gross domestic product rose by 0.1 percent, compared with an increase of 0.3 percent in the previous month . Recall that the growth rate or the excess of the actual value of the forecast is positive for the Canadian dollar. In case of significant deviation from the forecast may have a strong impact on the dynamics of the Canadian currency .

EUR / USD: during the European session, the pair rose to $ 1.3670

GBP / USD: during the European session, the pair rose to $ 1.6375 , but then retreated slightly

USD / JPY: during the European session, the pair fell to Y103.77

13:30 GMT Canada announced changes in GDP for October. Also this time, the U.S. will present the main index for personal consumption expenditures and the deflator for personal consumption expenditures in November , and will report to change the level of spending for November. At 14:00 GMT Belgium release index business sentiment in December. At 14:55 GMT the United States will present an indicator of consumer confidence from the University of Michigan in December.