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09:00 EU(17) M3 money supply (October) adjusted Y/Y 2.6%
09:00 EU(17) M3 money supply (3 months to October) adjusted Y/Y 2.8%
09:00 Italy Business confidence (October) 94.4
11:00 UK CBI retail sales volume balance (November) -19%
13:00 Germany CPI (November) preliminary 0.0%
13:00 Germany CPI (November) preliminary Y/Y 2.4%
The U.S. dollar fell and the euro rallied on optimism that Italy may get much-needed financial aid to slash its huge public debt.
Italian newspaper La Stampa reported that the International Monetary Fund is preparing a E600 billion loan for Italy, which somewhat helped ease the anxiety about the sovereign debt crisis in Europe.
Higher-yielding currencies such as the Aussie drew decent buying as Asian stocks rallied, while Japanese government bond prices fell, in signs of easing investor risk aversion.
EUR/USD: during european session the pair rose, tested a mark $1.3400. Later the rate decreased in $1.3360 area.
GBP/USD: the pair has shown high in $1.5600 area. Later the rate receded in $1,5560 area.
USD/JPY: the pair was in Y77.60-Y77.80 area.
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