- Asian sesion: The yen fell
Market news
11 March 2011
Asian sesion: The yen fell
Data:
02:00 China Consumer Price Index (YoY) (Feb) 4.9%
02:00 China Industrial Production (YoY) (Feb) 14.1%
02:00 China Producer Price Index (YoY) (Feb) 7.2%
02:00 China Retail Sales (YoY) (Feb) 15.8%
The yen fell after an 8.9 magnitude temblor struck northeast of Tokyo.
The yen touched its lowest level in two weeks against the dollar after a tsunami of more than 10 meters (33 feet) was reported in northern Japan. The quake registered 7 on the Japanese seismic scale, the highest level, in some areas north of Tokyo.
The euro rose from near a one-week low against the dollar on speculation European Central Bank officials will reiterate their willingness to raise interest rates as soon as next month.
EUR/USD: the pair become stronger in around $1,3830.
GBP/USD: the pair pair shown low in the field of $1,6020.
USD/USD: the pair shown high above mark Y83,30.
UK February PPI data is due at 0930 GMT.
U.S. February retail sales figures are due at 1330 GMT, the March preliminary Reuters/University of Michigan consumer sentiment survey is scheduled for release at 1455 GMT, and U.S. January business inventories are due at 1500 GMT.
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