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- European session: the euro receded
European session: the euro receded
Data:
06:45 France Industrial Production, m/m April -0.9% +0.2% +1.5%
06:45 France Industrial Production, y/y April -0.9% -0.3% +0.9%
The euro retreated from levels reached today.
On the morning the euro climbed after Spain requested a bailout loan, following weeks of escalating concern that bad loans at the nation’s lenders might overwhelm its public finances.
The common currency rose after Spain asked for as much as 100 billion euros ($126 billion) to save its banking system, making it the fourth member of the currency bloc to seek a rescue.
The dollar and yen fell on decreased demand for refuge assets as shares rallied. Norway’s krone strengthened as consumer prices rose more than economists forecast last month.
EUR/USD: during European session the pair decreased, receded from session high in $1,2540 area.
GBP/USD: the pair was limited $1,5520-$ 1,5580.
USD/JPY: the pair decreased in Y79,30 area.
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