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- Asian session: the euro restored
Asian session: the euro restored
On Asia session the euro rose against most of its major counterparts before European Union leaders hold a summit on Oct. 23 to deal with the region’s debt crisis. The common currency extended a gain from yesterday, which came as the Guardian newspaper reported that Germany and France support quadrupling the size of Europe’s rescue fund. The dollar and the yen fell against most of their peers as Asian stocks advanced.
The Australian and New Zealand dollars gained against their U.S. counterpart as Asian stocks extended a rally in global equities, boosting demand for riskier assets.
EUR/USD: on Asian session the pair restored, after falling yesterday.
GBP/USD: on Asian session the pair gain.
USD/JPY: on Asian session the pair hold in range Y76.65/80.
On Wednesday at 1230GMT, the pace of housing starts is expected to rise to a still weak 588,000 annual rate in September after falling to 571,000 in August. Soft new home sales continue to keep a lid on resurgence in home building. At the same time, US consumer prices are expected to rise 0.3% in September, with food and energy prices forecast to post further gains. Core CPI is expected to rise 0.2%.
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