After a few days of the European currency decline the pair needed a rest and a technical correction. There is not any reason for the euro significant growth. There was not any anything interesting news yesterday. There were just a few minor indicators; however, they unlikely interested investors. Thus, the market remained in the hibernation state and we did not noted strong movements.
The pound also enjoyed an increased demand after the dollar slight correction. The British currency has risen and consolidated. The published UK retail sales were weak - the index was reduced by 0.2% while a growth of 0.7% was expected.
The Japanese currency has also risen slightly in relation to the US dollar. The Japan trade balance has decreased and the bank lending growth rate has fallen. The pair dollar/yen also consolidated.