08:00 EU(17) M3 money supply (July) adjusted Y/Y 2.0% 2.3% 2.1%
08:00 EU(17) M3 money supply (3 months to July) adjusted Y/Y 2.1% 2.3% 2.2%
08:30 UK GDP (Q2) revised 0.2% 0.2% 0.2%
08:30 UK GDP (Q2) revised Y/Y 0.7%
The dollar weakened against most of its major counterparts as traders awaited a speech by Federal Reserve Chairman Ben S. Bernanke and a report forecast to show the world’s biggest economy is slowing.
The U.S. currency headed for a second weekly loss versus the euro and fell the most today against the Norwegian krone and New Zealand dollar. Bernanke will speak today at the Kansas City Fed’s annual economic conference in Jackson Hole, Wyoming, and may announce further monetary stimulus measures.
The yen rose against 13 of its 16 most-active peers after Japan’s Prime Minister Naoto Kan said he’s resigning 14 months into the job.
The yen advanced for the first time in three days versus the dollar as Kan said he was stepping down after parliament passed the final two pieces of his legislative agenda.
The Swiss franc weakened against all its major counterparts after an index of leading indicators dropped more than economists forecast, adding to signs the currency’s recent strength may be damaging the nation’s growth.
EUR/USD: the pair shown high in $1.4450 area then decreased.
GBP/USD: the pair shown high in $1.6340 arae then returned to session low.
USD/JPY: the pair fell in Y76.60 area .US data: 12.30 GMT Q2 GDP revisions. Est +1% real growth. At 13.55 GMT Aug U-Mich final consumer sentiment is dua. Est 55.5.
14:.00 GMT Fed Jackson Hole- Bernanke on near-term prospects.