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- European session: the euro still under pressure
European session: the euro still under pressure
Data:
09:30 UK Claimant count (November) 3K
09:30 UK Claimant count rate (November) 5.0%
09:30 UK Average earnings (3 months to October) Y/Y 2.0%
09:30 UK Average earnings ex bonuses (3 months to October) Y/Y 1.8%
09:30 UK ILO Jobless rate (October) 8.3%
10:00 EU(17) Industrial production (October) -0.1%
10:00 EU(17) Industrial production (October) Y/Y 1.3%
The euro fell below $1.30 as Italian borrowing costs increased at a debt auction and Spanish banks’ borrowings from the European Central Bank climbed by the most in a year.
The euro declined as European stocks declined, damping demand for the region’s currency.
Italy sold 3 billion euros of five-year bonds, the maximum target for the auction, and borrowing costs rose to the highest since 1997 as Parliament prepared to approve a 30 billion-euro emergency budget plan. The Treasury sold the bonds to yield 6.47 percent, up from 6.29 percent at the prior auction on Nov. 14.
EUR/USD: the pair has shown low in $1,2960 area then returned back above $1.3000.
GBP/USD: the pair was in $1.5460-$ 1.5530.
USD/JPY: the pair has grown above Y78.00.
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