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The euro rose against the U.S. dollar against the announcement of the fact that Spain will cut costs further E10 billion in the focus of market participants are data on the trade balance of Germany, which will be published tomorrow. The data may show a fall in exports in February. According to a preliminary survey of economists, exports from the eurozone's largest economy, Germany is likely to decline by 1.2% in February compared with the previous month, when the index grew by 2.4%.
The Canadian dollar rose against its U.S. counterpart after the Bank of Canada said that the spring survey of business sector reflects the optimism. For example, sales growth will be stronger in the next 12 months - 58% of the companies (19% - no change, 23% expect a decrease). Inflation expectations do not exceed the target range of securities, while rose against higher oil prices.
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