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06:00 Switzerland UBS Consumption Indicator February 0.92 0.87
06:00 Germany Gfk Consumer Confidence Survey April 6.0 6.2 5.9
10:00 United Kingdom CBI retail sales volume balance March -2 -2 0
The dollar retreated before a U.S. report that economists said will show the drop in house prices slowed, undermining the case for more stimulus from the Federal Reserve.
The U.S. currency strengthened from the lowest level this month against its European counterpart before another report forecast to show U.S. consumer confidence stayed near the highest level in a year.
The dollar dropped yesterday amid speculation the Federal Reserve will start a third round of quantitative easing, or QE3.
The pound pared an advance after a report showed U.K. retailers expect conditions to worsen next month.
EUR/USD: the pair showed high in $1,3390 area then returned to $1,3320 area.
GBP/USD: the pair showed high in $1,6000 area then returned to $1,5960 area.
USD/JPY: the pair was limited Y82.60-Y83.00.
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