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- European session: the euro fell
European session: the euro fell
09:00 EU(17) M3 money supply (November) adjusted Y/Y 2.0%
09:00 EU(17) M3 money supply (3 months to November) adjusted Y/Y 2.5%
13:00 Germany CPI (December) preliminary 0.7%
13:00 Germany CPI (December) preliminary Y/Y 2.1%
13:00 Germany HICP (December) preliminary Y/Y 2.4%
The euro fell against the dollar amid concern the European Central Bank will inject more cash into the financial system to avoid a credit crunch from the region’s debt crisis.
The common currency dropped to a decade-low versus the yen as Italy sold 7.02 billion euros ($9.06 billion) of debt due from 2014 to 2022, less than its original target of up to 8.5 billion euros.
The ECB said yesterday its balance sheet climbed to a record after it increased lending to banks in the region last week.
EUR/USD: the pair has shown low in $1,2860 area then receded in $1.2890 area.
GBP/USD: the pair has shown low in $1,5360 area then receded above $1.5400.
US data continues with the 1500GMT release of NAR Pending Home Sales and also the Kansas City Fed Production Index. The weekly EIA crude oil stocks data is due at 1100GMT, while late US data includes the 2130GMT release of US money supply data.
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