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06:45 Switzerland SECO Consumer Climate IV quarter -24 -19
09:30 United Kingdom Industrial Production (MoM) December -0.6% +0.2% +0.5%
09:30 United Kingdom Industrial Production (YoY) December -3.1% -3.1% -3.3%
09:30 United Kingdom Manufacturing Production (MoM) December -0.2% +0.3% +1.0%
09:30 United Kingdom Manufacturing Production (YoY) December -0.6% +0.3% +0.8%
09:30 United Kingdom Trade in goods December -8.6 -8.4 -7.1
12:00 United Kingdom BoE Interest Rate Decision 0.50% 0.50% 0.50%
12:45 Eurozone ECB Interest Rate Decision 1.00% 1.00% 1.00%
The euro retreated from a two-month high against the dollar after Greek Finance Minister Evangelos Venizelos said there were still doubts on the agreement needed to win a rescue package for the nation.
The common currency stayed lower against the dollar after the European Central Bank kept its benchmark interest rate unchanged at a policy meeting today. The euro erased earlier gains versus the greenback as Venizelos headed to Brussels while politicians in Athens debated the issue of pension cuts needed to secure a 130 billion euro ($173 billion) bailout. ECB President Mario Draghi will hold a press conference later today.
The pound strengthened after the Bank of England said it would increase its bond-buying program by 50 billion pounds ($79.3 billion).
EUR/USD: the pair showed high above $1,3300, but returned to area $1,3250 later.
GBP/USD: the pair grown, reached $1,5878.
USD/JPY: during european session the pair was limited Y77,10-Y77,20.
The US calendar kicks off at 1330GMT, with the release of the weekly jobless claims data. At 1500GMT, Wholesale Inventories numbers are released, the same time the UK policy forum the NIESR release their updated growth forecasts. At 1530GMT, the Regular IMF news briefing is being held. The last scheduled event for the day is the US money supply data, due for release at 2100GMT.
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