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- European session: the euro fell after EMU labor data
European session: the euro fell after EMU labor data
Data:
07:00 Germany Retail sales (September) real adjusted 0.4%
07:00 Germany Retail sales (September) real unadjusted Y/Y 0.3%
07:45 France PPI (September) 0.2%
07:45 France PPI (September) Y/Y 6.1%
09:30 UK M4 money supply (September) final -0.4%
09:30 UK M4 money supply (September) final Y/Y -1.7%
09:30 UK Consumer credit (September), bln 0.6
10:00 EU(17) Harmonized CPI (October) Y/Y preliminary 3.0%
10:00 EU(17) Unemployment (September) 10.2%
10:00 Italy CPI (October) preliminary 0.6%
10:00 Italy CPI (October) preliminary Y/Y 3.4%
10:00 Italy HICP (October) preliminary Y/Y 3.8%
11:00 Italy PPI (October) 0.2%
11:00 Italy PPI (October) Y/Y 4.7%
The yen slumped against the dollar as Japan stepped into foreign-exchange markets to weaken the currency for the third time this year after its gains to a postwar record threatened exporters.
The euro fell the most in four weeks versus the dollar amid speculation Europe’s leaders will struggle to garner financial support for their revamped crisis-fighting plan.
The dollar rose against all its major peers on refuge demand.
The euro pared last week’s advance versus the dollar as China’s official Xinhua News Agency said the nation can’t play the role of “savior” to Europe.
European Bailout
Euro-region’s leaders agreed on Oct. 27 to increase their bailout fund to 1 trillion euros, recapitalize banks and convinced banks to write down their holdings of Greek debt by 50 percent. While the help of China and cooperation of the International Monetary Fund were immediately sought, pledges of hard cash are proving hard to come by as Group of 20 members press for more details of the plan.
EUR/USD: the pair lead the European session in area $1.3970-$ 1,4050.
GBP/USD: the pair showed low in $1.5960 area then returned back above $1.6000.
USD/JPY: the pair decreased in Y78,00 area.
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