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00:30 Australia Home Loans September +1.8% +1.1% +0.9%
00:30 Australia National Australia Bank's Business Confidence October 0
02:30 Japan BOJ Governor Shirakawa Speaks -
06:00 Japan Prelim Machine Tool Orders, y/y October -2.8% -6.7%
11:00 Eurozone Eurogroup Meetings
The euro traded near a two-month low against the dollar ahead of the meeting of European politicians, whose aim is to discuss a plan to maintain the solvency of Greece, and holding it in the euro area.
Note that the single currency was little changed compared to most other major currencies.
Japan's currency weakened after early data showed that the economy declined in the third quarter at the fastest pace since the earthquake last year. Japan's gross domestic product fell an annualized 3.5% in the three months to September, following a revised 0.3% rise the previous quarter. Analysts had expected a fall of 3.4%.
Also the head of the Bank of Japan Governor Masaaki Shirakawa said that the bank is ready to continue the policy of aggressive monetary easing to fight deflation.
The Australian dollar rose against all major currencies after a bigger-than-expected surplus in the trade balance in China has improved the prospects of export commodities. According to reports, China's exports exceeded imports by $ 32 billion in October, compared with $ 27.3 billion last month.
EUR/USD: during the European session, the pair set a minimum level of $ 1.2695, and then recovered, and is now trading around $ 1.2723
GBP/USD: during the European session, the pair rose to $ 1.5910, but then fell sharply to $ 1.5863
USD/JPY: during the European session the pair fell slightly, setting all-time low at Y79.38
At 21:45 GMT New Zealand will report relative changes in the level of food prices in October. Also today in Canada is celebrated on Memorial Day and Veterans Day in the United States.
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