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00:01 United Kingdom Rightmove House Price Index (MoM) November +3.5% -2.6%
00:01 United Kingdom Rightmove House Price Index (YoY) November +1.5% +2.0%
08:30 Eurozone ECB's Jens Weidmann Speaks -
The dollar fell against the euro, extending last week’s decline, as speculation U.S lawmakers will reach agreement on the nation’s budget and avert the so-called fiscal cliff damped demand for safety.
The Dollar Index (DXY) fell from near a 10-week high after President Barack Obama said he was “confident” that an agreement would be reached over the triggering of automatic spending cuts and tax increases at year-end that may push the economy into recession.
The yen rose from the lowest level in almost seven months versus the U.S currency. Japan’s currency dropped against all but three of its major peers after Kyodo News reported Liberal Democratic Party leader Shinzo Abe will choose someone who favors inflation targets as the next Bank of Japan governor. The BOJ will end a two-day policy meeting tomorrow.
The Australian and New Zealand dollars climbed as gains in Asian and European equities boosted demand for higher-yielding assets.
EUR / USD: during the European session, the pair set a high at $ 1.2787 and then retreated to $ 1.2769
GBP / USD: during the European session, the pair set a high at $ 1.5922 and then fell to a new low of $ 1.5885
USD / JPY: during the European session, the pair dropped to Y81.08
At 15:00 GMT the U.S. will release sales in the secondary market in October. At 23:00 GMT Australia will index of leading economic indicators from the Conference Board.
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