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- Asian session: The euro gain against the dollar
Asian session: The euro gain against the dollar
03:00 Japan BoJ Interest Rate Decision 0,00%-0,10%
05:00 Japan Leading Economic Index August 103,8
05:00 Japan Coincident Index August 107,4
The euro was set for its first five- day gain against the dollar in three weeks on prospects a capital backstop for European lenders will help stem the region’s debt crisisThe 17-nation euro held yesterday’s advance versus the yen after the European Central Bank reintroduced yearlong loans for banks and before a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy. The Australian and New Zealand dollars were set to complete weekly gains as Asian stocks rose.
Losses in the dollar were limited before U.S. data today forecast to show unemployment failed to decline in September, supporting demand for refuge currencies.
EUR/USD: on asian session essential changes hasn't occurred
GBP/USD: on asian session the pair gain
USD/JPY: the pair decreased on asian session
On Friday UK data starts at 0830GMT with the Producer Price Index for September, which is expected to show output prices higher by 0.2% m/m, 6.3% y/y. The focus is on US data at 1230GMT when nonfarm payrolls are forecast to rise 80,000 in September after the flat August reading, but the unemployment rate is expected to rise to 9.2%
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