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- Asian session: The euro continues decrease
Asian session: The euro continues decrease
00:30 Australia Retail Sales Y/Y September +2.4%
01:00 China Non-Manufacturing PMI October 57.7
The euro continues declined, trading 0.8 percent from a three-week low against the dollar, as European leaders said Greece will vote next month to determine whether it will stay in the 17-nation currency.
The euro dropped for a third day versus the yen after French President Nicolas Sarkozy said Greece won’t receive a “single cent” in aid without holding to the terms of its bailout agreement. The dollar and yen gained against most of their 16 major counterparts as Asian stocks declined, boosting investor appetite for safer assets.
New Zealand’s currency weakened after a statistics bureau report showed the unemployment rate unexpectedly rose to 6.6 percent in the third quarter from 6.5 percent in the previous period.
EUR/USD: on Asian session the pair the pair continues yesterday's falling.
GBP/USD: on Asian session the pair decreased.
USD/JPY: on Asian session the pair holds in range Y78.00-Y78.15..
Thursday sees the start of the G20 Summit, taking place in Cannes. France new car registrations data starts the European data at 0830GMT. The ECB policy decision at 1245GMT will be the main European focus for Thursday and is followed at 1330GMT by Mario Draghi's first press conference as ECB president following a rate decision meeting. US events start at 1230GMT, including Atlanta Fed President
Dennis Lockhart making opening remarks at a conference on "What Should We Really Expect from Monetary Policy," in Atlanta. US data also starts at 1230GMT with the weekly Jobless Claims, 3Q Non-farm Productivity and Unit Labor Costs. Initial jobless claims are expected to fall 2,000 to 400,000 in the October 29 week after small declines in the previous two weeks.US data continues with the 1345GMT weekly Bloomberg Comfort Index and then at 1400GMT by the ISM Non-Manufacturing Index (NMI) and Factory Orders.
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