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09:30 United Kingdom HICP, m/m December +0.2% +0.4% +0.4%
09:30 United Kingdom HICP, Y/Y December +4.8% +4.2% +4.2%
09:30 United Kingdom HICP ex EFAT, Y/Y December +3.2% +3.0% +3.0%
09:30 United Kingdom Retail Price Index, m/m December +0.2% +0.3% +0.4%
09:30 United Kingdom Retail prices, Y/Y December +5.2% +4.7% +4.8%
09:30 United Kingdom RPI-X, Y/Y December +5.3% +4.9% +5.0%
10:00 Germany ZEW Survey - Economic Sentiment January -53.8 -49.5 -21.6
10:00 Eurozone ZEW Economic Sentiment January -54.1 -48.7 -32.5
10:00 Eurozone Harmonized CPI December +0.1% +0.4% +0.3%
10:00 Eurozone Harmonized CPI, Y/Y December +3.0% +2.8% +2.7%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y December +1.6% +1.5% +1.6%
The euro rose against the dollar and the yen as Spanish and Greek borrowing costs fell at auctions, damping concern the region’s most-indebted nations will struggle to fund their deficits.
The common currency advanced as the ZEW Center for European Economic Research said its index of German economic sentiment posted a record increase in January and as Europe’s rescue fund sold more than its target at a bill auction.
The dollar fell as China’s economy expanded 8.9% percent in the three months ended Dec. 31 from a year earlier, the statistics bureau said. Economists in a survey forecast an 8.7 percent gain.
EUR/USD: during european session the pair rose and showed high above $1,2800.
GBP/USD: during european session the pair rose and showed high above $1,5400.
USD/JPY: the pair has receded from session low to Y76.70 area.
US data starts at 1330GMT when the NY Fed Empire State Manufacturing Index is expected to rise to a reading of 11.0 in January after improving sharply in December.
At 1400GMT, the Bank of Canada Rate announcement is due, where the central bank is expected to leave interest rates unchanged.
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