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- European session:
European session:
Data:
07:45 France Business confidence (November) 95
08:00 France PMI (November) flash 47.6
08:00 France PMI services (November) flash 49.3
08:30 Germany PMI (November) flash 47.9
08:30 Germany PMI services (November) flash 51.4
09:00 EU(17) PMI (November) flash 46.4
09:00 EU(17) PMI services (November) flash 47.8
09:30 UK BoE meeting minutes (09-10.11)
10:00 EU(17) Industrial orders (September) -6.4%
10:00 EU(17) Industrial orders (September) Y/Y 1.6%
The euro fell to a six-week low against the dollar as reports added to signs that Europe’s failure to resolve its debt crisis is weighing on economic growth and Germany received insufficient bids at a debt auction.
The euro slid as London-based Markit Economics said a gauge of European services and manufacturing output shrank for a third month.
Investors bid 3.889 billion euros at Germany’s offering of 6 billion euros of 10-year bunds, according to data from the Bundesbank, prompting investors to question the status of the securities as a haven from the euro area’s debt crisis. The securities were sold at a yield of 1.98 percent.
The dollar rose as a report signaled China’s manufacturing will shrink amid a faltering global economy.
The HSBC Flash Manufacturing PMI for China, Australia’s biggest trading partner, fell to 48 this month, predicting the biggest contraction since March 2009. That compares with a final reading of 51 in October.
EUR/USD: during european session the pair decreased below $1.3400.
GBP/USD: during europen session the pair was trading in $1,5550-$ 1,5600 area.
USD/JPY: the pair has grown in Y77,20 area.
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