- European session:
Market news
European session:
Data:
07:00 Germany Producer Price Index (MoM) January -0.4% +0.4% +0.6%
07:00 Germany Producer Price Index (YoY) January +4.0% +3.1% +3.4%
09:00 Eurozone Current account, adjusted, bln December -1.8 2.3 2.0
09:30 United Kingdom Retail Sales (MoM) January +0.6% -0.3% +0.9%
09:30 United Kingdom Retail Sales (YoY) January +2.6% +0.6% +2.0%
The euro strengthened versus the dollar on optimism European officials will agree to provide Greece with funding for a second bailout package.
The common currency rose after Italian Prime Minister Mario Monti, German Chancellor Angela Merkel and Greek Prime Minister Lucas Papademos expressed optimism that an “agreement on Greece” can be reached at a Brussels meeting of euro-area finance ministers on Feb. 20. Norway’s krone and South Korea’s won led gains versus the dollar as global equity markets advanced.
EUR/USD: during european session the pair was limited $1,3110-$ 1,3170.
GBP/USD: the pair showed high in $1,5860 area. Later the rate receded in $1,5820 area.
USD/JPY: the pair was fixed above Y79,00.
U.S. January Leading Indicators are released at 1500GMT.
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