Asian session: The euro fell
The euro fell for a second day against the yen on speculation European finance ministers meeting today and tomorrow will struggle to agree on debt- reduction targets amid concern the region’s crisis will persist.
The single currency dropped as Portugal’s 10-year bond yields remained near an 11-year high after European Union officials failed this month to agree on expanding aid to the most indebted nations.
The yen rose from near a five-week low against the dollar on speculation Japanese exporters took advantage of its recent weakness.
New Zealand’s dollar fell after retail sales declined.
New Zealand’s currency fell for a fourth day versus the dollar as the retail sales’ report added to signs of a recession in the second half of 2010.
Retail sales fell 1.1 percent in December from the previous month, when they rose a revised 1.2 percent, Statistics New Zealand said today in Wellington.
EUR/USD: the pair bargained within the limits of $1.3500-$ 1.3550.
GBP/USD: the pair become stronger in around $1.6050.
USD/JPY: the pair decreased in around Y83.10.
At 1000GMT, the EMU December industrial output data is released, followed at 1100GMT by the EMU December OECD leading indicator.