Asian session: The euro traded 0.2 percent from an eight-week low

The euro traded 0.2 percent from an eight-week low amid concern Greece will struggle to win bailout funds, risking its future in the European monetary bloc. As Greece seeks a 31 billion-euro ($40 billion) financing tranche this month, Prime Minister Antonis Samaras is facing down a revolt in his three-party coalition. The leader of the Democratic Left reiterated Nov. 4 his party’s opposition to changes in the labor law demanded by international creditors. While no date has been set for a vote on that bill, it may come as soon as tomorrow. The budget vote is slated for Nov. 11.

The shared currency maintained declines versus most of its 16 major counterparts ahead of data that may add to signs the region’s debt crisis is hurting growth. The final reading on a composite index measuring euro-area services and manufacturing was probably at 45.8, the lowest in more than three years and unchanged from preliminary data on Oct. 24, according to the median economist estimate compiled by Bloomberg News. London-based Markit Economics releases the report today.

Economists in a separate Bloomberg poll estimate German factory orders, adjusted for seasonal swings and inflation, declined 0.4 percent in September from the previous month, when it decreased 1.3 percent. The Economy Ministry in Berlin will report its figures today.

Australia’s dollar climbed to the highest in five weeks after the Reserve Bank unexpectedly left interest rates unchanged. The so-called Aussie surged after Reserve Bank of Australia Governor Glenn Stevens and his board left the overnight cash- rate target at 3.25 percent. Seven of 27 economists surveyed by Bloomberg predicted the decision, with the other 20 seeing a cut to 3 percent.

The yen advanced as Japanese shares fell, boosting demand for haven assets.

EUR / USD: during the Asian session, the pair traded in the range of $ 1.2780-05.

GBP / USD: during the Asian session, the pair traded in the range of $ 1.5970-90.

USD / JPY: during the Asian session the pair fell to Y80.00.

Tuesday is election day in the US, with polls opening from 11GMT (bar the two early New Hampshire votes. National polls are by and large

tied, although President Obama is seen with a narrow advantage in the key battleground states. On the data front, Tuesday gives us a fresh snap shot of the state of the eurozone economy, with the release of the national and EMU October service PMI. Spanish PMI is released at 0813GMT, Italy at 0843GMT, France at 0848GMT and Germany at 0853GMT. EMU data is release at 0858GMT. Flash data was mixed, but showed further weakening at the core. Further European data is expected at 1000GMT, with the release of EMU September PPI and then at 1100GMT when German September manufacturing orders numbers are out.