10, December 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

The U.S. dollar lost 0.50% according to the dollar index by the end of the last trading week, showing weakening for four weeks along. The dynamics of currencies was mixed. The dollar fell against the New Zealand dollar ( -1.94 %), the Swiss franc ( -1.47 %) and euro ( -0.87 % ) - but increased against the Canadian dollar ( 0.45 %), Japanese yen ( 0.41 %), British pound ( 0.15 %) and Australian dollar ( 0.09 %).

The industrial output and ECB monthly report of Euro zone will be published on Thursday. Data on industrial production also will be released on other euro zone countries: France and Italy on Tuesday. Data on the Germany trade balance was published yesterday and we expect the inflation news on Wednesday. Final data on Italy's GDP for the second quarter will be released on Tuesday, and data on inflation in France and Italy will be realized on Thursday. ECB President - Draghi will speak in Rome on Tuesday and in the European Parliament on Thursday.

UK Industrial Output and Trade Balance will be published on Tuesday. Japan will release the final GDP reort for the third quarter and the balance of payments; the quarterly business conditions index for large manufacturers on Tuesday and basic orders for machinery and equipment on Wednesday.