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- Asian session: The euro decrease
Asian session: The euro decrease
The 17-nation euro yesterday advanced after Papandreou scrapped a referendum on an accord with the European Union after it split his party, roiled markets and drew warnings from euro leaders that it may cost Greece its membership in the 17-nation currency area.
The dollar held a two-day drop versus the euro before data forecast to show U.S. jobs growth slowed and the unemployment rate remained unchanged, supporting the case for the Federal Reserve to consider monetary easing.
U.S. payrolls expanded by 95,000 workers last month after a 103,000 increase in September, according to the median forecast of economists surveyed by Bloomberg News ahead of today’s data from the Labor Department. The jobless rate was 9.1 percent for a fourth consecutive month, the report may also show.
EUR/USD: on Asian session the pair the pair falling.
GBP/USD: on Asian session the pair decreased.
USD/JPY: on Asian session the pair holds above Y78.00.
On Friday the G20 Summit continues in Cannes today and focus will also continue on the unfolding situation in Greece, while the US data
highlight of the week takes center-stage later in the session. This morning also sees the release of the final services PMI releases from the main European states, with France at 0848GMT, Germany at 0853GMT and the main EMU release at 0858GMT.UK data is limited on Friday with just the 0900GMT release of SMMT New Car Registrations and the 0930GMT release of Q3 Insolvency Data. The main data release comes at 1230GMT when US non-farm payrolls are forecast to rise 95,000 in October after the stronger than expected September reading and upward revisions to July and August payrolls. The unemployment rate is forecast to stay at 9.1% for the fourth straight month.
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