Asian session: The euro dropped
00:00 Germany German Unity Day 0
00:00 China National Day Celebrations 0
01:00 China Non-Manufacturing PMI September 59.3
The euro fell to an eight-month low against the dollar before European finance ministers gather today to weigh the threat of a default in Greece, which is making fresh budget cuts to secure an international bailout.
The 17-nation euro slid for a second day before the meeting, at which officials will discuss how to shield banks from the region’s debt crisis and consider increasing their rescue fund. The dollar touched a two-week high versus the yen after a survey showed that sentiment at Japan’s biggest manufacturers remained below levels seen before a record earthquake struck in March.
The yen maintained losses against the dollar after the Bank of Japan said today its quarterly Tankan index of sentiment was 2 in September from minus 9 in June.
EUR/USD: on asian session the pair fell
GBP/USD: on asian session the pair fell USD/JPY: the pair fell. Focus today Eurogroup meeting. This morning's data is dominated by the releases of the European manufacturing PMI data. Germany at 0753GMT and the eurozone combined at 0758GMT.