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- European session: the euro fell
European session: the euro fell
Data:
06:00 Germany Trade Balance April 13.7 13.1 16.1
06:00 Germany Current Account April 19.8 11.0 11.2
06:45 France Trade Balance, bln April -5.7 -5.6 -5.8
08:30 United Kingdom Producer Price Index - Input (MoM) May -1.5% -1.2% -2.5%
08:30 United Kingdom Producer Price Index - Input (YoY) May +1.2% +1.2% +0.1%
08:30 United Kingdom Producer Price Index - Output (MoM) May +0.6% +0.2% -0.2%
08:30 United Kingdom Producer Price Index - Output (YoY) May +2.3% +2.3% +2.8%
08:30 United Kingdom Consumer Inflation Expectations Quarter II +3.5% +3.7%
The euro fell after reports showed German exports tumbled and Italian industrial production shrank, adding to evidence that Europe’s debt crisis is deepening across the region.
The common currency fell after Fitch Ratings cut Spain’s credit grade to within two steps of junk.
The yen and the dollar rose against most of their major peers as a drop in stocks signaled investors favoring the safest assets. Australia’s dollar slid for a second day versus the greenback even as China, the nation’s biggest trading partner, cut interest rates yesterday to spur growth.
EUR/USD: the pair fell in $1,2460 area.
GBP/USD: the pair showed low in $1,5400 area.
USD/JPY: during European session the pair was limited Y79,10-Y79,45.
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