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- European session: The euro gained
European session: The euro gained
12:15 United States ADP Employment Change (Oct) 101K 91K
14:30 United States EIA Crude Oil Stocks change (Oct 28) 4.735M
16:30 United States Fed Interest Rate Decision (Nov 2) 0.25% 0.25%
18:15 United States Fed's Press Conference
21:45 New Zealand Unemployment Rate (Q3) 6.4% 6.5%
21:45 New Zealand Employment Change (Q3) 0.6% 0.0%
22:30 Australia AiG Performance of Services Index (Oct) 50.3
The dollar fell from a three-week high against the euro on speculation the Federal Reserve will signal today it is moving toward another round of asset purchases, or quantitative easing, to spur growth.
The U.S. currency declined versus the yen as economists said a manufacturing report tomorrow will add to signs the nation’s growth is slowing.
The euro gained after Greece’s Cabinet backed Prime Minister George Papandreou’s plan to put a bailout package to a referendum.
The euro advanced after a Greek official said the Cabinet gave Papandreou unanimous backing for his referendum plans. Government spokesman Elias Mosialos said the referendum will be held “as soon as possible,” and the vote of confidence in Parliament is also scheduled to begin today.
EUR/USD: the pair grown in $1,3770 area.
GBP/USD: the pair showed high in $1,6050 area then decreased.
USD/JPY: the pair fell in Y78,00 area.
US focus is the FOMC decision at 1630GMT, but US events start at 1100GMT with the weekly MBA Mortgage Application Index. This is followed at 1130GMT with Challenger Layoffs and then at 1215GMT by the ADP National Employment Report. US data continues at 1400GMT with Q3 Housing Vacancies and then at 1430GMT with the weekly EIA Crude Oil Stocks.
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