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- Asian session: the euro declined
Asian session: the euro declined
On Asia session the euro declined against the dollar and the yen, halting a two-day advance, as a split between France and Germany over Europe’s rescue strategy surfaced before finance ministers meet in Brussels tomorrow.Demand for the euro waned after Standard & Poor’s cut Slovenia’s credit ratings and a Finnish lawmaker said plans to boost the region’s rescue fund through leverage could disguise potential costs.
Australia’s dollar fell after Asian stocks slid, spurring a flight to safer assets.
Gains in the yen were limited as a document showed Japan will increase a fund to help companies cope with a stronger currency.
EUR/USD: on Asian session the pair fell.
GBP/USD: on Asian session the pair declined.
USD/JPY: on Asian session the pair hold in range Y76.65/85.
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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