07:00 Germany Current account (October) unadjusted, bln 10.3
07:00 Germany Trade balance (October) unadjusted, bln 11.6
07:00 Germany CPI (November) final 0.0%
07:00 Germany CPI (November) final Y/Y 2.4%
07:00 Germany HICP (November) final Y/Y 2.8%
07:45 France Industrial production (October) 0.0%
07:45 France Industrial production (October) Y/Y 2.7%
09:30 UK Trade in goods (October), bln -7.6
09:30 UK Non-EU trade (October), bln -4.6
09:30 UK PPI (Output) (November) unadjusted 0.2%
09:30 UK PPI (Output) (November) unadjusted Y/Y 5.4%
09:30 UK PPI Output ex FDT (November) adjusted 0.0%
09:30 UK PPI Output ex FDT (November) unadjusted Y/Y 3.2%
09:30 UK PPI (Input) (November) adjusted 0.1%
09:30 UK PPI (Input) (November) unadjusted Y/Y 13.4%
The euro rose after the region’s leaders boosted a rescue fund and tightened budget rules to counter the debt crisis.
The euro gained as leaders holding all-night talks in Brussels added 200 billion euros ($267 billion) to their crisis-fighting capacity and toughened anti-deficit rules.
The euro extended gains after Reuters reported that China’s central bank may use $300 billion of its reserves to invest in the U.S. and Europe.
China’s central bank would create the new vehicle to improve returns on reserves, Reuters reported, citing an unidentified person familiar with plan. There will be two funds, one targeting the U.S. and one Europe, Reuters said.
EUR/USD: during european session the pair rose and showed high in $1,3430 area.
GBP/USD: the pair has grown, showed high in $1.5730 area. Later the rate receded below $1,5700.
USD/JPY: the pair was trading Y77,55-Y77.80.