00:00 China National Day Celebrations 0
00:30 Australia Building Permits, m/m August 11.4%
00:30 Australia Building Permits, y/y August -5.5%
00:30 Australia Trade Balance August 3.1
01:30 Japan Labor Cash Earnings, YoY August -0.6%
03:30 Australia Announcement of the RBA decision on the discount rate 4,75%
05:30 Australia Commodity Prices, Y/Y September +26,6%
The euro touched the lowest level in more than a decade against the yen before reports that may indicate a slowdown in the European economy, spurring concern the region’s debt crisis is damping prospects of recovery.
The 17-nation currency reached an eight-month low versus the dollar after European governments signaled bondholders may have to take bigger losses on Greek debt.
The Australian dollar dropped to its lowest level in a year and bond yields tumbled as a policy statement by the central bank suggested that an easing of inflation pressures may pave the way for an interest-rate cut.
The so-called Australian dollar slid for a third day against the yen as traders priced in an 82 percent chance the Reserve Bank of Australia will cut interest rates by half a percentage point to 4.25 percent by November.
New Zealand’s currency rose for the first time in five days against Japan’s as trading charts signaled its recent drop has been too rapid and after officials in the Asian nation showed concern about the yen’s strength.
EUR/USD: on asian session the pair fell
GBP/USD: on asian session the pair fell
USD/JPY: the pair fell.
Focus today Eurogroup meeting. This morning's data is dominated by the releases of the European manufacturing PMI data. Germany at
0753GMT and the eurozone combined at 0758GMT.