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06:00 Germany Producer Price Index (MoM) July -0.4% +0.4% 0.0%
06:00 Germany Producer Price Index (YoY) July +1.6% +0.9%
08:00 Eurozone Current account, adjusted, bln June 10.9 7.8 12.7
09:00 Eurozone Trade Balance s.a. June 6.3 5.4 10.5
The euro rose to its highest level in six weeks against the yen, as Germany has declared its support for the decision of the European Central Bank to overcome the debt crisis, which may include the purchase of sovereign debt.
The single currency rose against all 16 major currencies after German Chancellor Angela Merkel, French President Francois Hollande and the Prime Minister Antonis Samaras of Greece said that the leaders feel obliged to do everything to protect the euro.
Australian dollar won back all lost over the past two days otnoscheniyu position on the U.S. dollar, as there were rumors that the RBA may resort to stimulating monetary policy if the changes in exchange rates will seriously harm the economy.
The New Zealand dollar strengthened after the published data on the producer price index showed an unexpected increase in the second quarter.
The pound fell during the session, which probably was corrected after yesterday's rapid growth.
EUR/USD: Trading in the updated a couple of yesterday's high, then began to decline and is now trading near the minimum values of the session
GBP/USD: Trading steam flow steadily declining, and lost more than half of the positions won yesterday
USD/JPY: during the course of the session showed showed a slight increase, but despite this renewed yesterday's high
At 12:30 GMT, Canada will provide the consumer price index and core consumer price index from the Bank of Canada in July. At 13:55 GMT the U.S. consumer sentiment index released by the University of Michigan in August
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