06:00 Germany Retail sales (August) real adjusted -2.9%
06:00 Germany Retail sales (August) real unadjusted Y/Y 2.2%
08:00 Italy Unemployment (August) 8.0%
09:00 EU(17) Harmonized CPI (September) Y/Y preliminary 3.0%
09:00 EU(17) Unemployment (August) 10.0%
The dollar strengthened as growing evidence that the global economy is slowing boosted investor demand for currencies perceived as being the safest.
The euro headed for its biggest monthly decline against the yen in more than a year after data showed German retail sales fell by more than economists forecast and before a report that may show U.S. consumer spending slowed in August.
German retail sales, adjusted for inflation and seasonal swings, slumped 2.9 percent in August from July, when they rose 0.3 percent, the Federal Statistics Office in Wiesbaden said today. That’s the biggest drop since May 2007. Economists forecast a 0.5 percent decline. Sales rose 2.2 percent in the year.
Consumer spending in the U.S. gained 0.2 percent in August after a 0.8 percent increase the previous month, according to the median estimate of economists before the Commerce Department releases the figures today.
The Swiss National Bank will defend the cap on the franc with all its determination, central bank President Philipp Hildebrand said at an event in Geneva yesterday.
EUR/USD: the pair decreased. At the beginning of american session the rate holds in area of session low at $1.3480.