09:00 EU(17) Industrial production (June) -0.7%
09:00 EU(17) Industrial production (June) Y/Y 2.9%
The euro was set for a second straight weekly decline against the dollar as a report showed industrial production in the region fell in June.
The 17-nation currency was poised for its biggest weekly drop in a month against the yen as traders bet the European Central Bank may cut its key interest rate as austerity measures crimp growth.
The Swiss franc depreciated against the euro even after data showed France’s economy stalled in the second quarter.
EUR/USD: the pair grown in $1.4260 area.
GBP/USD: the pair shown high in $1.6290 area then slightly receded.
USD/JPY: the pair decreased in Y76.50 area.US data starts at 1230GMT with retail sales, which are expected to rise 0.6% in July, as vehicle sales accelerated, but gasoline prices fell for the second straight month. Nonauto retail sales are forecast to rise 0.3%. At 1355GMT, the Michigan Sentiment Index is expected to rise to a reading of 63.5 in early-August from 63.7 in July. At 1400GMT, business inventories are expected to rise 0.5% in June. Factory inventories were already reported up 0.2% in the month.