Asian session: the euro dropped
The euro slumped to a decade low against the yen and the weakest in eight months versus the dollar on concern European policy makers are struggling to resolve the debt crisis as the region’s economy slows.
New Zealand’s dollar fell for a sixth day versus the greenback and yen after a report showed the country’s trade deficit was wider than estimated, adding to signs of a slowdown in the South Pacific nation.
EUR/USD: on asian session the pair dropped, but later restored.
GBP/USD: on asian session the pair hold $1.5430-$1.5460 . USD/JPY: on asian session the pair dropped. US data kicks off at 1330GMT with the release of the Capital Goods Index for the Sept 23 week. a 1400GMT, the New Home Sales data is released, followed at 1430GMT, with the release of the Retail Trade Index for the Sept 24 week. The pace of new home sales is expected to fall to a 295,000 annual rate in August after falling slightly in July,as Hurricane Irene held back sales in the affected region. Also at 1430GMT, the US Sept Dallas Fed Manufacturing Outlook Survey is released. Finally, at 1900GMT, Minneapolis Federal Reserve Bank President Narayana Kocherlakota sits on a panel on sovereign debt in Chicago.