النشرة اليومية

On Friday the euro failed to be closed above the psychological mark of 1.40 on very weak data in the euro zone that were published during the last week and falling interest in risky assets on markets. In May the producer prices in Gemrnay practically reimain unchanged, so the low pirce on goods of everyday demand overrid rising energy prices.

On year-over-year basis PPI index showed fall by 3.6%. Basic stock index in Europe fells on Monday more than 1% against the close price on Friday. As a result the dollar and yen gained again the higher-yielding currencies. Eur/US dollar dropped to 1.3835 from the day's high at 1.3958, the New Zeeland and Canadian currencies lost aproximately 100 basis points from their day's highs. The single currency shrank against the Japanese counterpart to the day's low at 132.80, at the same time the Japanese yen rose on back of yen-buying as a refuge currency.

The British pound is traded on Monday better than another currencies despite of the published report that showed that UK house prices fell in June by 0.4% on month-over-month and by 5.5% on year-over-year basis. Falling demand on the house market compels sellers significantlly to reduce house prices. Nevertheless CML told on Monday about revision of own forecast on house deprivation cases due to non-payment of credit in the UK in 2009 to 65 000 against 75 000 as forecasted before.

The pound extended gains versus the euro to the new high at 0.8401 with risk to fall further to 0.8260. Pound/franc hit the 6-month high at 1.7928.