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08:00 UK Halifax house price index (September) 1.2%
08:00 UK Halifax house price index (September) 3m Y/Y -1.8%
10:00 EU(17) Retail sales (September) adjusted -0.7%
10:00 EU(17) Retail sales (September) adjusted Y/Y -1.5%
11:00 Germany Industrial production (September) seasonally adjusted -2.7%
11:00 Germany Industrial production (September) not seasonally adjusted, workday adjusted Y/Y 5.4%
The euro fell as Italian Prime Minister Silvio Berlusconi faces a budget vote amid pressure to resign, stoking concern the region’s third-largest economy will struggle to manage its debt load.
The euro also weakened as concern mounted that political instability in Italy may push bond yields to levels that will force the region’s second-most indebted nation to seek a rescue.
Greek Prime Minister George Papandreou said he will step down to make way for a coalition government and secure outside financing to avoid a collapse of the nation’s economy.
EUR/USD: the pair showed low in $1.3680 area then returned back to area $1,3760.
GBP/USD: the pair showed low in $1.5980 area then returned back above $1.6000.
USD/JPY: the pair decreased in Y78,00 area.
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