European session: the dollar fell as European and Asian stocks advanced
10.01.2012 14:04:00
Data:
07:45 France Industrial Production, m/m November 0.0% +0.1% +1.1%
07:45 France Industrial Production, y/y November +1.8% -0.4% +0.1%
The euro’s gains were tempered before Spain and Italy sell debt this week amid concern the nations will struggle to meet funding needs. Spain will auction as much as 5 billion euros of bonds due in 2015 and 2016 on Jan. 12, and Italy will sell 12 billion euros of bills the same day.
The dollar and yen weakened against higher-yielding currencies before Germany’s chancellor meets with the International Monetary Fund’s managing director amid signs European leaders are taking steps to end the debt crisis.
The U.S. currency declined as European and Asian stocks advanced, damping demand for safer investments.
EUR/USD: the pair has grown above $1,2800.
07:45 France Industrial Production, m/m November 0.0% +0.1% +1.1%
07:45 France Industrial Production, y/y November +1.8% -0.4% +0.1%
The euro’s gains were tempered before Spain and Italy sell debt this week amid concern the nations will struggle to meet funding needs. Spain will auction as much as 5 billion euros of bonds due in 2015 and 2016 on Jan. 12, and Italy will sell 12 billion euros of bills the same day.
The dollar and yen weakened against higher-yielding currencies before Germany’s chancellor meets with the International Monetary Fund’s managing director amid signs European leaders are taking steps to end the debt crisis.
The U.S. currency declined as European and Asian stocks advanced, damping demand for safer investments.
EUR/USD: the pair has grown above $1,2800.
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