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20.01.2014 13:21

European session: the euro rose

07:00 Germany Producer Price Index (MoM) December -0.1% +0.2% +0.1%

07:00 Germany Producer Price Index (YoY) December -0.8% -0.6% -0.5%


Moderate growth rate of the euro against the U.S. dollar on the background data on producer prices in Germany. Recent data from the Statistical Office Destatis showed that producer prices in Germany fell again last month, while fixing the fifth consecutive monthly decline .

According to the report , producer prices fell in December by 0.5 percent compared to the same period last year. Recall also that in the month of November , prices have fallen more significantly , namely by 0.8 percent . Also, add that, according to the average forecast of experts for this indicator was down by 0.6 per cent per annum. The cost of energy and intermediate goods decreased by 1.8 percent and 1.1 percent , respectively. Meanwhile , consumer prices rose by 1.5 percent , while prices for durable goods rose 1.1 percent . Capital goods prices rose 0.7 percent .

In Statistical Bureau also reported that in a monthly basis, producer prices rose in December by 0.1 percent , fully offsetting a decline of 0.1 percent, which was recorded in the month of November.

In addition, the data showed that in 2013, the producer price index for industrial products fell slightly - by 0.1 per cent per annum. Recall that the results of 2012 , the index rose by 1.6 percent.

The yen rose against most major currencies following the collapse of the Asian stock markets on data about the weakening economic growth in China , increasing its attractiveness as a safe-haven currency . China's GDP grew by 7.7 % compared with a year earlier and 1.8% compared with the previous quarter , said today the National Bureau of Statistics in Beijing. "The pace of growth is clearly weaker " - said Dariusz Kowalczyk , senior economist and strategist at Credit Agricole CIB in Hong Kong. Growth was the same as in 2012 . According to a survey conducted last month , this year the economy will grow by 7.4% , ie, the slowest pace since 1990.

Today, U.S. markets will be closed due to holiday in memory of the leader of the civil rights movement of Martin Luther King .


EUR / USD: during the European session, the pair rose to $ 1.3566


GBP / USD: during the European session, the pair rose to $ 1.6452 and retreated

USD / JPY: during the European session, the pair rose to Y104.26 and stepped

At 21:45 GMT New Zealand will release the consumer price index for the 4th quarter .


20.01.2014 13:01

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