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- European session: the euro fell after Fitch comments
European session: the euro fell after Fitch comments
09:30 United Kingdom Trade in goods November -7.6 -8.2 -8.6
The euro weakened as Fitch Ratings added to concern the region’s debt crisis will spread, reducing demand for the 17-nation currency.
The euro declined against after Fitch’s head of sovereign ratings David Riley said the European Central Bank should boost bond purchases to combat the debt crisis and prevent a collapse of the shared currency. The euro also depreciated after a German report showed the region’s largest economy may be on the brink of recession.
EUR/USD: the pair decreased, showed low below $1,2700.
At 1340GMT, Chicago Fed President Charles Evans speaks to the Rotary Club of Lake Forest and Lake Bluff, while at 1400GMT, Atlanta Fed President Dennis Lockhart delivers a speech on the economic outlook to the Georgia Center for Nonprofits in Atlanta.
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