08:00 Switzerland Foreign Currency Reserves October 429.3 432.0 424.4

08:15 Switzerland Consumer Price Index (MoM) October +0.3% +0.3% +0.1%
08:15 Switzerland Consumer Price Index (YoY) October -0.4% -0.2% -0.2%
10:00 Eurozone Retail Sales (MoM) September +0.2% 0.0% -0.2%
10:00 Eurozone Retail Sales (YoY) September -0.9% -0.8% -0.8%
11:00 Germany Industrial Production s.a. (MoM) September -0.5% -0.4% -1.8%
11:00 Germany Industrial Production (YoY) September -1.4% +0.2% -1.2%
12:10 Eurozone ECB President Mario Draghi Speaks -
 

The dollar fell against the yen on speculation Barack Obama’s re-election as president will boost chances the U.S. will maintain monetary stimulus policies that tend to weaken the greenback.

The U.S. currency was mixed versus its major peers as Obama defeated Republican challenger Mitt Romney, who disagreed with current Federal Reserve policy. Obama now faces the so-called fiscal cliff, $600 billion in tax increases and spending cuts set to be implemented in 2013.

The euro erased gains as European Central Bank President Mario Draghi said the Europe’s crisis is affecting Germany.

Gains in the euro were tempered as Greek lawmakers prepared to vote on austerity measures needed to keep its international bailout on track.

The 238 pages of additional austerity plans, ranging from raising the retirement age to eliminating holiday payments for pensioners, will be debated by the Greek parliament today with a roll-call vote expected. Approval is the first of the parliamentary votes required by Nov. 12 to unlock a 31 billion- euro portion of international aid.