The euro rose against the dollar and the yen on Friday amid hopes that the euro zone has exceeded the worst part of the crisis, while the yen fell against the euro and the dollar after Japanese government officials said that the currency is still weak.
The euro rose to its highest level against the dollar since February 29 and to its highest level in 21 months against the yen after he said the European Central Bank that 278 of banks in the euro zone will be responsible for repayment of loans amounting to 137.2 billion euros next week, pointing out that the pressure liquidity may decline in the cluster.
The euro found support after a report showed that the Ifo index of business confidence in Germany has improved to the highest level in seven months at 104.2 this month from 102.4 in December, compared with expectations for a reading of 103.
Elsewhere, beaten yen its lowest level against the euro since April 11, 2011 and amounted to more than the lowest for two years and a half against the dollar after the Deputy Minister of the Japanese economy Autoshi Nishimura that the exchange rate 100 yen against the dollar will not constitute a source of concern for the government.
On Tuesday, the Bank of Japan said that he adopted the inflation target at 2% and has agreed to be Bernameh asset purchase open “starting from next year, after political pressure from the government of Prime Minister Shinzo Abe to intensify efforts to combat deflation.
Pound hit its lowest level in several months against the dollar and the euro after British Prime Minister David Cameron, a possible referendum on Britain’s membership in the European Union, while the cast concerns about faltering economic recovery weighing too.
The Canadian dollar ended the week less than the U.S. dollar after the release of weak inflation data unexpectedly on Friday which reinforced expectations that interest rates will decline in the Bank of Canada ..
The data came two days after raising interest rates in a signal that’s expectations of inflation will be less than expected.
This week, investors awaited preliminary data on growth in the fourth quarter in the United States on Wednesday in an attempt to gauge the strength of the U.S. economic recovery as market participants awaited also non-farm payrolls report. Of the United States issued on Friday
Will also be a focus on monetary policy decisions of the Federal Reserve and the Bank of New Zealand also ..
Monday, January 28
The euro zone is to publish official data on money supply and private loans.
The United States will publish government data on durable goods orders, as well as private sector data on pending home sales.
Later the same day, the New Zealand is to publish official data on the trade balance.
Tuesday, January 29
Australia will publish an index of leading economic indicators compiled by the Conference Board, while National Australia Bank will publish its index of business confidence.
In the euro zone, will be published climate index GfK consumer ..
Later Tuesday, the Conference Board will publish a report on U.S. consumer confidence, while Case-Shiller will publish a report on inflation in the United States on house prices.
In addition, New Zealand is to publish official data on building approvals.
Wednesday, January 30
Japan is to publish official data on retail sales, the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Switzerland is to publish indicator to measure economic or F, which is designed to predict the direction of the economy over the subsequent six months.
In the euro area, Spain will publish preliminary data on gross domestic product in the fourth quarter, the broadest indicator of economic activity and a key measure of the health of the economy.
The UK is to publish official data on net lending to individuals and mortgage approvals.
The United States will publish data on private sector salaries compiled by payroll processing company Bede. The United States will also be published preliminary data on economic growth in the fourth quarter and weekly government data and crude oil stockpiles.
Later in the day, the Fed will publish the federal funds rate and publish revised his statement.
Also Wednesday, the Reserve Bank of New Zealand will announce the official interest rate and publish the amended statement.
Thursday, January 31
Japan is to publish preliminary data on industrial production, as well as data on manufacturing activity and the average wage.
Australia will publish official data on import prices and loans to the private sector.
In the euro zone, Germany will publish preliminary data on consumer price inflation, as well as the retail sales data and the change in the number of unemployed. France will publish official data on consumer spending.
The UK is to publish data on inflation in industrialized house prices.
Canada will publish monthly data on gross domestic product, the broadest indicator of economic activity and a key measure of the health of the economy.
The United States will publish the weekly government report on initial jobless claims, as well as data on personal spending and manufacturing activity in Chicago.
Friday, February 1
Japan is to publish official data on consumer spending, which accounts for the majority of overall economic activity. Australia will publish official data on producer price inflation.
China will publish government data on manufacturing activity, as well as the revised report on the private sector on manufacturing activity.
Switzerland is to publish PMI S in M, a leading indicator of economic health.
The euro zone is to publish preliminary data on consumer price inflation in the European Union, as well as official data on the unemployment rate.
The UK is to publish data is on manufacturing activity, a leading indicator of economic health.
The United States will publish a government report on non-farm payrolls and the unemployment rate, while the Institute for Supply Management will publish a report on manufacturing activity. In addition, The University of Michigan is to publish revised data on consumer sentiment.