Market news
13.12.2010, 08:32

Asian session: The euro dropped

The euro dropped on signs of division among European governments over how to stem the region’s debt crisis.
The shared currency weakened for a third day against the dollar before European Union leaders attend a summit on Dec. 16 and 17, with Italy, Belgium and Luxembourg favoring euro-area bonds while Germany and France are opposed.
The dollar strengthened before a report tomorrow that may show U.S. retail sales climbed for a fifth month.
The Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners including the euro, yen and pound, added 0.2 percent to 80.246 today, advancing for a sixth day, the longest streak since June.
U.S. retail sales increased 0.6 percent in November after advancing 1.2 percent in October, according to the median estimate of economists.

EUR/USD: the pair decreased below a mark $1,3200.

GBP/USD: the pair decreased below a mark $1,5800.

USD/JPY: the pair become stronger above mark Y84,00.

UK data sees Producer Prices for November at 0930GMT

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