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06:00 Germany Producer Price Index (MoM) March +0.4% +0.5% +0.6%
06:00 Germany Producer Price Index (YoY) March +3.2% +3.1% +3.3%
08:00 Germany IFO - Business Climate April 109.8 109.6 109.9
08:00 Germany IFO - Current Assessment April 117.4 117.0 117.5
08:00 Germany IFO - Expectations April 102.7 102.3 102.7
08:30 United Kingdom Retail Sales (MoM) March -0.8% +0.4% +1.8%
08:30 United Kingdom Retail Sales (YoY) March +1.0% +1.5% +3.3%
The shared currency rose amid speculation Group of 20 officials meeting with the International Monetary Fund today will step up efforts to quell Europe’s debt crisis.
The Munich-based Ifo institute said today its business climate index, based on a survey of 7,000 executives, rose to 109.9 from 109.8 in March. Economists forecast a drop to 109.5, according to the median estimate of economists.
The pound was bound for its biggest weekly gain versus the dollar since January after U.K. retail sales rose at the fastest pace in more than a year, beating economist estimates.
The U.K. currency was set to strengthen this week against all but one of its major peers tracked by Bloomberg as a report showed sales including auto fuel gained 1.8 percent in March from the previous month, when they fell 0.8 percent, the Office for National Statistics said in London. The median forecast of economists in a survey was for a 0.5 percent gain.
EUR/USD: the pair grown, showed high above $1,3200.
GBP/USD: the pair grown in $1.6100 area.
USD/JPY: the pair grown in Y81,70 area.
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