Data:
08:30 UK HICP (September) 0.6%
08:30 UK HICP (September) Y/Y 5.2%
08:30 UK HICP ex EFAT (September) Y/Y 3.3%
08:30 UK Retail prices (September) 0.8%
08:30 UK Retail prices (September) Y/Y 5.6%
08:30 UK RPI-X (September) Y/Y 5.7%
09:00 Germany ZEW economic expectations index (October) -48.3
The euro fell for after Moody’s Investors Service said France’s top credit rating is under pressure, adding to concern that European leaders will find it difficult to resolve the region’s debt crisis.
France’s Aaa credit rating is under threat from worsening debt metrics and the potential for additional liabilities from the regional crisis, Moody’s said late yesterday. The nation’s financial strength has weakened because of the global financial crisis, making its debt measures the worst among its Aaa rated peers, Moody’s said.
EUR/USD: the pair showed low in $1,3660 area then retreated.
GBP/USD: the pair fell in $1.5720 area.
USD/JPY: the pair showed at least in areas Y76,60, but than retreated.
At 1230GMT, producer prices are expected to rise 0.3% in September. Energy prices are expected to rise in the month after falling in the previous three months, while food prices are expected to post another gain. The core PPI is expected to rise 0.1%. This is followed at 1255GMT by the weekly Redbook Average and then at 1300GMT with the
Treasury International Capital System (TICs) data. This is followed at 1400GMT by the NAHB Housing Market Index.
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