10:00 EU(17) PPI (October) 0.1%
10:00 EU(17) PPI (October) Y/Y 5.5%
The euro rose after people familiar said a proposal to channel central bank loans through the International Monetary Fund may deliver up to 200 billion euros ($271 billion) to fight the debt crisis.
The euro extended its weekly gain against the greenback as European stocks rallied, fueling demand for the region’s assets.
The yen and dollar weakened versus their major counterparts before a U.S. report today that economists said will show employers increased hiring last month.
U.S. employers hired 119K workers in November after adding 80,000 the previous month, according to a survey before today’s Labor Department report.
EUR/USD: the pair has grown above $1.3500.
GBP/USD: the pair was in $1.5660-$ 1,5700 range. USD/JPY: the pair has shown high in Y78.00 area, then receded.The data calendar is dominated by US non-farm payrolls at 1330GMT, which are forecast to rise 112,000 in November, continuing a trend of modest payrolls gain that are just treading water rather than making any real headway into knocking down unemployment. The unemployment rate is forecast to hold steady at 9.0%.