Market news
10.10.2011, 08:42

Asian session: The euro gain against the dollar

00:00 U.S. Columbus Day

00:00 Canada Thanksgiving Day

00:30 Australia ANZ Job Advertisements (MoM) -2.1%

The yen and dollar fell against most of their major counterparts as speculation that Europe can contain its debt crisis spurred gains in U.S. equity futures, damping demand for haven currencies.The euro rose after French and German leaders pledged to deliver a plan in three weeks to recapitalize banks and reiterated their intention to keep Greece in the euro.The Australian and New Zealand dollars rose against the greenback and the yen after a report showed U.S. payrolls increased in September by more than economists forecast, boosting demand for higher-yielding assets.


EUR/USD: on asian session the pair gain
GBP/USD: on asian session the pair gain
USD/JPY: the pair decreased on asian session

European data for Monday starts at 0600GMT with the German trade balance for August, which is followed at 0630GMT by the France BoF
business survey and at 0645GMT by France industrial output. Bundesbank Vice President Sabine Lautenschlaeger then gives a press conference from 0800GMT, while at the same time, ECB Vice President Vitor Constancio delivers a speech at Bank Competiveness in the Post-Crisis World in Milan. European data then rounds off with the 0900GMT release of the EMU OECD leading indicator. European speakers continue into the afternoon. At 1600GMT, ECB Governing Council member Ewald Nowotny is due to participate in a podium discussion entitled "Presence of Austrian Banks and Insurance in the CEE markets", in Vienna.

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