Asian session: the euro traded near a two-month high
The euro traded near a two-month high against the dollar and the yen before a report that economists said will show new industrial orders in the 17-nation region quickened in November.
The single currency was close to the strongest in two weeks versus the pound after European Central Bank President Jean- Claude Trichet said that policy makers will “closely” monitor energy and commodity prices, signaling possible higher interest rates.
Australia’s dollar fell toward a seven-week low against the greenback after a government report showed producer prices rose the least in a year.
Industrial orders in the euro area rose 1.9 percent from the prior month, when they gained 1.4 percent, according to a survey before the report today.
Australia’s currency fell against most of its major counterparts after the statistics bureau said producer prices climbed less than economists forecast.
The pound fell against the dollar, paring this month’s gain, before a government report that economists said will show U.K. economic growth slowed last quarter.
EUR/USD: the pair the beginning new week in the field of $1,3640, decreased below a mark $1,3600 later.
GBP/USD: the pair bargained frameworks $1,5960-$ 1,6010.
USD/JPY: the pair shown high in the field of Y82,80.
European data for Monday starts at 0745GMT with the French quarterly industry survey, although the highlight of the morning will be the release of the flash manufacturing & services PMIs by the main European states. This includes France at 0858GMT, which is expected to remain steady with median forecast of 57.2/55.1 (manufacturing/services), Germany at 0928GMT with forecasts at 60.9/59.1 and the main EMU release at 0958GMT with forecasts of 57.1/54.4. This compares to the last release of 57.1/54.2 for the EMU number.
At 1000GMT, EMU industrial orders are due.