European session: the euro fell after Fitch comments
09:30 United Kingdom Trade in goods November -7.6 -8.2 -8.6
The euro weakened as Fitch Ratings added to concern the region’s debt crisis will spread, reducing demand for the 17-nation currency.
The euro declined against after Fitch’s head of sovereign ratings David Riley said the European Central Bank should boost bond purchases to combat the debt crisis and prevent a collapse of the shared currency. The euro also depreciated after a German report showed the region’s largest economy may be on the brink of recession.
EUR/USD: the pair decreased, showed low below $1,2700.
GBP/USD: during european session the pair fell below $1,5400.
USD/JPY: the pair has shown moderate growth, riched session high above Y77,00.
At 1340GMT, Chicago Fed President Charles Evans speaks to the Rotary Club of Lake Forest and Lake Bluff, while at 1400GMT, Atlanta Fed President Dennis Lockhart delivers a speech on the economic outlook to the Georgia Center for Nonprofits in Atlanta.