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08:30 Eurozone Sentix Investor Confidence June -24.5 -28.7 -28.9
09:00 Eurozone Producer Price Index, MoM April +0.5% +0.3% 0.0%
09:00 Eurozone Producer Price Index (YoY) April +3.3% +2.7% +2.6%
The euro retreated on speculation Europe’s leaders will struggle to agree on how to resolve the sovereign debt crisis, harming global growth.
The common currency fell earlier as pressure built on German Chancellor Angela Merkel to back additional measures such as joint debt issuance in the bloc. Merkel and Finance Minister Wolfgang Schaeuble have urged Spain to accept an international bailout, Der Spiegel magazine reported, without saying where it obtained the information.
EUR/USD: during european session the pair consolidated above $1,2400.
GBP/USD: the pair was limited $1,5355-$ 1,5390.
USD/JPY: the pair returned above Y78,00.
The US calendar kicks off at 1400GMT, April factory orders data is released.
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