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- European session: the euro rose
European session: the euro rose
06:45 France Consumer confidence (October) 82
08:00 Italy Retail sales (August) adjusted 0.0%
08:00 Italy Retail sales (August) Y/Y unadjusted -0.3%
08:30 UK Current account (Q2), bln -2.0
09:00 Italy Consumer confidence (October) 92.9
The euro reached a six-week high versus the dollar as European leaders prepared to meet tomorrow to complete a solution to the region’s debt crisis.
German Chancellor Angela Merkel and fellow EU leaders will return to Brussels tomorrow for a second summit in four days to discuss Europe’s bailout fund. European leaders are seeking an agreement on bolstering the region’s rescue fund, recapitalizing banks and providing debt relief to Greece to avoid contagion spreading to Italy and Spain.
Home prices in 20 U.S. cities probably fell at a slower pace and consumer confidence hovered near a two-year low, highlighting the obstacles facing the U.S. recovery in its third year, economists said before reports today.
EUR/USD: the pair was consolidated in $1,3950 area.
GBP/USD: the pair holds in $1,5960-$ 1.6020 area.
USD/JPY: the pair holds in Y76,00-Y76,30 area.
At 1300GMT, the Bank of Canada delivers it's interest rate announcement. Every time for a year now that Bank of Canada watchers have predicted change, they have had to stand back and watch the BoC stand pat on its economy-stimulating 1.0% policy interest rate.
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