- European session:
Market news
European session:
Data:
07:00 Germany GDP (QoQ) IV quarter -0.2% -0.2% -0.2%
07:00 Germany GDP (wda) (YoY) IV quarter +1.5% +1.5% +1.5%
08:45 Eurozone ECB's Jens Weidmann Speaks 0
09:30 United Kingdom GDP, q/q (revised) IV quarter +0.6% -0.2% -0.2%
09:30 United Kingdom GDP, y/y (revised) IV quarter +0.5% +0.8% +0.7%
The euro strengthened as officials prepared to seek support to tackle the debt crisis when Group-of-20 nations meet tomorrow.
The euro headed for a seventh-straight advance against the yen, the longest run since January 2010, after demand was boosted by the prospect that G-20 officials meeting this weekend may discuss committing further resources to Europe’s debt crisis.
The dollar declined against most major currencies before speeches later today by Federal Reserve policy makers including Federal Reserve Bank of New York President William Dudley, St. Louis Fed President James Bullard and Fed Bank of Philadelphia President Charles Plosser.
EUR/USD: the pair grown above $1.3400.
GBP/USD: the pair grown above $1,5800.
USD/JPY: the pair grown in Y80,50 area.
The main US data release is at 1455GMT, with the release of the Consumer Sentiment numbers. At 1500GMT, U.S. New Home Sales data is released. Also at 1500GMT, Bank of Canada Governor Mark Carney speaks to the U.S. Monetary Policy Forum, in New York. At 1545GMT, St. Louis
Fed President James Bullard and San Francisco Federal Reserve Bank President John Williams discuss a report on housing and monetary policy at the same conference. Late data, at 2115GMT, sees the release of the U.S. C&I Loans numbers.
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