European session: The euro dropped
11.10.2011 12:40:00
Data:
08:30 UK Industrial production (August) 0.2% -0.1%
08:30 UK Industrial production (August) Y/Y -1.0%
08:30 UK Manufacturing output (August) -0.3%
08:30 UK Manufacturing output (August) Y/Y 1.5%
The euro dropped from the highest level in almost three weeks against the dollar as Slovakian lawmakers prepared to vote on a plan to retool the euro region’s bailout fund.
The nation’s largest opposition party, which pledged to reject the motion today, will back the revamped European Financial Stability Facility in a second vote if lawmakers fail to approve it today, Robert Fico, the group’s leader, told reporters today in the capital, Bratislava. That would give the measure a majority.
There is no date set for a repeated vote. The nation is the only member of the euro area that hasn’t ratified the measure, following approval in Malta yesterday.
The dollar rose against most of its major counterparts as falling stocks stoked demand for the most liquid assets.
EUR/USD: the pair showed low in $1.3570 area then returned back above $1.3600.
08:30 UK Industrial production (August) 0.2% -0.1%
08:30 UK Industrial production (August) Y/Y -1.0%
08:30 UK Manufacturing output (August) -0.3%
08:30 UK Manufacturing output (August) Y/Y 1.5%
The euro dropped from the highest level in almost three weeks against the dollar as Slovakian lawmakers prepared to vote on a plan to retool the euro region’s bailout fund.
The nation’s largest opposition party, which pledged to reject the motion today, will back the revamped European Financial Stability Facility in a second vote if lawmakers fail to approve it today, Robert Fico, the group’s leader, told reporters today in the capital, Bratislava. That would give the measure a majority.
There is no date set for a repeated vote. The nation is the only member of the euro area that hasn’t ratified the measure, following approval in Malta yesterday.
The dollar rose against most of its major counterparts as falling stocks stoked demand for the most liquid assets.
EUR/USD: the pair showed low in $1.3570 area then returned back above $1.3600.
GBP/USD: the pair holds in $1.5610-$ 1.5660 range.
USD/JPY: the pair holds in Y76.60-Y76,75 range.
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