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Euro recovered previously lost ground against the dollar, while returning to the highs of the day. Experts note that the revival of interest players to risk , coupled with the recent ECB inaction served as the catalyst of the current pulse euros. Meanwhile, the impact on the dynamics of expectations publication next week final inflation data for March, as well as a report on the current account balance for March. These releases will be a kind of test of strength for the single currency.
Meanwhile, adding that today the euro received supports from the German inflation data . EU harmonized methodology inflation in Germany slowed to its lowest level in nearly four years , the final data showed Destatis. Harmonized index of consumer prices ( HICP ) rose 0.9 percent year on year in March, according to preliminary estimates . It was the weakest level since June 2010 . In February, prices rose 1 percent . On a monthly measurement of the HICP increased by 0.3 percent , as originally anticipated by March 28. The consumer price index rose by 1 percent per year in March after the 1.2 percent rise in the previous month . Statistical Office confirmed the preliminary assessment . Last inflation is the lowest since August 2010 . On a monthly basis, consumer prices rose by 0.3 percent, according to a preliminary projection . More info Destatis showed that wholesale prices fell by 1.7 percent in March compared with the corresponding month of the previous year , after declining by 1.8 percent in February and 1.7 percent in January. From February to March , wholesale prices remained unchanged.
Pound was down against the U.S. dollar , which was associated with the release of data for Britain, which showed that the volume of construction in the UK fell in February at the fastest pace in three months , which was associated with difficult weather conditions. According to the report , the volume of construction fell in February by 2.8 percent after increasing 2.1 percent in January , which was revised upward to 1.8 percent. Last fall was the highest since November, when construction fell by 4.1 percent . Recall that the construction of 6.3 percent of gross domestic product in Britain. We also learned that in February, the total volume of new buildings decreased by 2.6 percent , which stood at the head of the fall in private housing sector - by 6.3 percent . It was the biggest decline in this category since March 2013, when the industry is also affected by the adverse weather conditions. However , annualized private housing sector recorded growth of 15.3 percent, which was associated with an increase in property prices , increase in the number of housing transactions , improved credit conditions and mortgage lending. In annual terms, the volume of construction rose 2.8 percent in February , amid new buildings increase by 3.1 percent , as well as repair and maintenance by 2.3 percent . Within three months ( February) construction output increased by 0.3 percent compared with the previous three months .
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