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- European session: The dollar fell
European session: The dollar fell
08:00 Germany IFO business climate index (October) 106.4
08:30 UK PSNCR (September), bln 19.9
08:30 UK PSNBX (September), bln 14.1
The pound strengthened against the dollar after a government report showed the nation’s budget deficit narrowed in September more than economists forecast.
The dollar fell versus major counterparts as stocks rose amid optimism European policy makers are moving closer to agreement on a plan to help contain the region’s debt crisis.
European governments may unleash as much as 940 billion euros ($1.3 trillion) to fight the debt crisis, seeking to break a deadlock between Germany and France that is forcing leaders to hold two summits within four days, people familiar with the discussions said.
EUR/USD: the pair grown in $1,3800 area.
GBP/USD: the pair grown in $1.5900 area.
USD/JPY: the pair holds Y76,65-Y76,90.
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