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Asian session
04:30 Japan Industrial output final Y/Y August +0.4%
The euro declined from near the strongest in a month against the dollar as traders speculated European leaders will struggle to meet a deadline for this month on a plan to stem the region’s debt crisis.Group of 20 finance ministers and central bank officials concluded weekend talks in Paris endorsing parts of an emerging plan to halt the crisis. They set an Oct. 23 summit of European leaders in Brussels as the deadline for it to be delivered. G-20 leaders will meet Nov. 3-4 in Cannes, France.
The Australian dollar weakened before the Reserve Bank of Australia releases tomorrow minutes of its meeting on Oct. 4 when Governor Glenn Stevens signaled there’s more scope to cut interest rates if necessary.
EUR/USD: on asian session the pair fell, but restored later.
GBP/USD: on asian session the pair decreased, but restored later.
USD/JPY: on asian session the pair fell.
On Monday at 1435GMT, ECB Executive Board member Juergen Stark is due to give a speech entitled "Economic Governance and Crisis Management in the EU" at the European Parliament, in Brussels.US data starts at 1230GMT with the NY Fed Empire State Survey. At 1315GMT, US industrial production is expected to rise 0.2% in September. US data continues with the MNI Capital Goods Index at
1330GMT and the MNI Retail Trade Index at 1430GMT.
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