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06:45 France Industrial Production, m/m February -0.8% +0.4% +0.7%
06:45 France Industrial Production, y/y February -3.5% -3.7% -3.4%
The yen pared losses after Bank of Japan Governor Haruhiko Kuroda indicated policy adjustments are unlikely every month while reiterating that the central bank will take all steps necessary to meet its inflation target.
The euro rose against the dollar and the yen despite the unfavorable data on industrial production in Spain and Italy. The European single currency rose to its highest level against the yen in more than three years and up to one month high against the U.S. dollar, while last week's announcement aggressive measures easing of monetary policy by the Bank of Japan continued to provide indirect support for the euro. The euro constrain ambiguous data on industrial production. The data in Spain and Italy were disappointing, and the report of France was better than expected.
The commodity currencies of Australia, New Zealand and Canada against the U.S. dollar after China reported a trade deficit of $ 880 million dollars in March, against a surplus of 15.25 billion U.S. dollars in February. Special support for commodity currencies received by the data showing that China's imports rose in March by 14.1% after a decline of 15.2% in February. Expected increase in imports by 6.1%.
Investors are waiting for the publication of minutes of the March meeting of the Open Market of the Federal Reserve System. Market participants will closely examine them for guidance as to when the Fed will complete or reduce the amount of its current program of quantitative easing.
EUR / USD: during the European session, the pair rose to $ 1.3122, then dropped to $ 1.3074
GBP / USD: during the European session, the pair fell to $ 1.5292
USD / JPY: during the European session, the pair rose to Y99.59, then fell to Y98.94
At 14:30 GMT the United States will publish data on crude oil from the Ministry of Energy. At 17:00 GMT the United States places the 10-year bonds. At 18:00 GMT will be publication of the minutes of the Fed meeting. At 18:00 GMT the United States will be released monthly performance report for March. At 22:30 GMT New Zealand is to publish an index of business activity in the manufacturing sector of Business NZ in March. End the day at 23:50 GMT Japan data on the change in orders for machinery and equipment in February.
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