Currency trading and the euro. The price of euro continues to consolidate against the background of the celebration of Easter in Europe and North America. It is worth noting that today the majority of markets in Europe will be closed, but US investors will return to the market. The main influence on the course of trading will have final data on US GDP growth for the quarter, which was revised up to 1.4%, versus 1.0% previously. Thus, in 2015 the world's largest economy grew by 2.4%. Today, the dynamics of trading will affect the news on personal income and consumer spending in the US, as well as the US trade balance (12:30 GMT). On Friday will be published an important report on the US labor market. Our medium-term outlook for the euro remains negative.
Currency trading and the British pound. The price of the British pound today continue to consolidate on the background of the weekend in the UK, and then is possible a continuation of the negative dynamics due to positive data on US GDP growth. The main influence on the course of trading on the British pound in the coming months will have expectations about the results of the referendum on the country's membership in the European Union. We maintain a negative outlook for the coming months.
Currency trading and the Japanese yen. The price of the Japanese yen today continued its decline against the US dollar, on the background of positive statistics on the growth of the US economy by 1.4% in the 4th quarter of last year. It is worth noting that the positive data from the US reduces concerns about the state of the global economy, because of which the demand for defensive assets as the yen rose strongly at the beginning of this year. Tomorrow will be published important macroeconomic data on household spending, retail sales and unemployment in Japan. Our medium-term outlook remains negative and we expect a decline in the yen in the coming months.
Currency trading and the Australian dollar. The price of the Australian dollar continues to show low volatility against the background of a holiday in the country. Tomorrow investors will return to the market and will evaluate the recent data from the US and the situation on the commodity markets, whose drop will be negatively displayed on the price of the Australian dollar. Our medium-term outlook remains negative.
Currency trading and the New Zealand dollar. The price of the New Zealand dollar continues to decline gradually due to the strengthening US dollar and the positive statistics on the trade balance and the growth of exports of dairy products that could not lead to a change in the negative price dynamics. Our medium-term outlook remains negative and we are waiting for further decline in the near future.