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03:30 Australia RBA meeting announcement 4,75% 4.75% 4.75%
05:00 Japan Coincident Index 100,7 100.8 102.1
05:00 Japan Leading Economic Index 97,2 97.3 98.6
06:45 Switzerland Unemployment Rate 3.6% 3.6% 3.6%
09:30 UK Industrial Production (MoM) -0.2% +0.3% +0.4%
09:30 UK Industrial Production (YoY) +3.3% +3.9% +3.8%
09:30 UK Manufacturing Production (MoM) 0.6% +0.3% +0.1%
09:30 UK Manufacturing Production (YoY) +5.8% +4.8%
11:00 Germany Factory Orders s.a. (MoM) 1.6% 1.6% -4.0%
11:00 Germany Factory Orders n.s.a. (YoY) 17.9% 18.6% 14.0%
The dollar weakened against most major counterparts after President Barack Obama said he would agree to sustain tax cuts, boosting investor demand for higher- yielding assets.
The dollar reached a three-week low against the yen after Obama broke a stalemate over extending middle-class tax cuts, introduced by the administration of George W. Bush, before Congress adjourns.
The current tax rates, enacted in 2001 and 2003, are set to increase Dec. 31.
"Risk has taken a bit of a bid tone today and part of that was due to some of the concessions last night by Obama,” said Lauren Rosborough, a senior strategist at Westpac Banking Corp. in London. “The suggestion is that the extension of the Bush tax credits will add stimulus for the U.S. economy.”
EUR/USD: gained to $1.3390, before traded within $1.3390/50 range.
GBP/USD: Demand building strongly post UK production data now as cable break $1.5800 and supported by middle eastern demand in the euro dollar. Cable has posted a high on the day at $1.5820 before eased back under the figure.
USD/JPY: traded within Y82.30-Y82.80 range.
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