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24.02.2014 13:20

European session: the euro fell

09:00 Germany IFO - Business Climate February 110.6 110.7 111.3

09:00 Germany IFO - Current Assessment February 112.4 112.8 114.4

09:00 Germany IFO - Expectations February 108.9 108.1 108.3

10:00 Eurozone Harmonized CPI January +0.3% -1.1% -1.1%

10:00 Eurozone Harmonized CPI, Y/Y (Finally) January +0.7% +0.7% +0.8%

10:00 Eurozone Harmonized CPI ex EFAT, Y/Y January +0.7% +0.8% +0.8%

Euro fell against the dollar after rising data on the business climate in Germany. German business climate indicator unexpectedly strengthened in February to the highest level since July 2011 , despite the drop in expectations. These results are presented on Monday institute IFO. Business climate index rose to 111.3 from 110.6 in January. According to the average expectations index was slightly rise to the level of 110.7 . In addition, the current conditions index improved to 114.4 in February from 112.4 a month ago. Result was higher than expected level of 112.8 . On the other hand , the expectations index fell to 108.3 in February from 108.9 in January. The result was predicted to drop to 108.1 .

Also today published the final data on inflation in the eurozone. Consumer prices in the euro area grew at a faster pace in January than previously thought , but inflation remained unchanged compared to December showed the revised data published by Eurostat on Monday . Harmonized index of consumer prices (HICP) rose by 0.8 percent year on year in January. The result was unchanged compared with the growth rate in December. Preliminary estimates were at the level of growth of 0.7 percent in January .

At the same time , core inflation, which excludes energy , food, alcohol and tobacco, rose to 0.8 percent from 0.7 percent in December , according to initial estimates . Inflation has remained below the target level of the European Central Bank " below but close to 2 percent," the twelfth consecutive month.

In January, prices for foodstuffs , alcohol and tobacco rose 1.7 percent, while energy prices fell 1.2 percent. The cost of non-energy industrial goods increased by 0.2 percent, and prices of services expanded by 1.2 percent. On a monthly basis, consumer prices recorded a decline of 1.1 percent in January .


EUR / USD: during the European session, the pair rose to $ 1.3771 , and then fell to $ 1.3718


GBP / USD: during the European session, the pair fell to $ 1.6597 , but then rose to $ 1.6677

USD / JPY: during the European session, the pair rose to Y102.51


At 14:00 GMT in Belgium will index business sentiment for February.

24.02.2014 13:00

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