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- European session:
European session:
09:30 UK CIPS services index (October) 51.3
The euro rose for a second day against the dollar on speculation Greek Prime Minister George Papandreou will withdraw his proposal for a referendum on the nation’s bailout, easing concern voters will reject the plan.
The euro advanced before Group of 20 leaders discuss the region’s debt crisis at a summit today and Mario Draghi addresses his first policy meeting as European Central Bank President.
The dollar weakened as European stocks gained.
The ECB lowered its benchmark interest rate at 25 bp to 1.25 percent today.
The Dollar Index, which IntercontinentalExchange Inc. uses to track the U.S. currency against those of six trading partners, dropped 0.4 percent to 76.743.
EUR/USD: the pair showed high in $1,3830 area and decreased below $1,3800 later.
GBP/USD: the pair grown in $1,6020 area.
USD/JPY: the pair holds in Y77,95-Y78,10 area.
US data continues with the 1400GMT ISM Non-Manufacturing Index (NMI) and Factory Orders. The ISM non-manufacturing index is forecast to rise to a reading of 54.0 in October after falling slightly in September.
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