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06:00 Switzerland Trade Balance May 1.33 1.97 2.48
07:00 France Manufacturing PMI (preliminary) June 44.7 44.6 45.3
07:00 France Services PMI (preliminary) June 45.1 45.2 47.3
07:30 Germany Manufacturing PMI (preliminary) June 45.2 45.4 44.7
07:30 Germany Services PMI (preliminary) June 51.8 51.6 50.3
08:00 Eurozone Current account, adjusted, bln April 9.1 7.3 4.6
08:00 Eurozone Manufacturing PMI (preliminary) June 45.1 44.9 44.8
08:00 Eurozone Services PMI (preliminary) June 46.7 46.5 46.8
08:30 United Kingdom Retail Sales (MoM) May -2.3% +1.1% +1.4%
08:30 United Kingdom Retail Sales (YoY) May -1.1% +2.1% +2.4%
10:00 United Kingdom CBI industrial order books balance June -17 -19 -11
The euro fell as a report showed euro-area services and manufacturing output contracted in June, adding to signs Europe’s debt crisis is blunting economic growth.
A composite index based on a survey of purchasing managers in services and manufacturing in the euro area was below the 50 level that separates contraction from expansion for a fifth month.
Spain sold 2.2 billion euros of debt maturing between 2014 and 2017, compared with a maximum target of 2 billion euros set for the auction.
The average yield on notes maturing in 2014 was 4.706 percent, compared with 2.069 percent when they were last sold in March.
Demand for the dollar was tempered after the Federal Reserve said yesterday it stood ready to implement further stimulus following the announcement of an extension to its program to replace short-term bonds with longer-term debt.
EUR/USD: during the European session the pair traded in $1.2640 - $1.2700 area.
GBP/USD: during the European session the pair traded in $1.5650 - $1.5730 area.
USD/JPY: the pair showed high above Y80.00.
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