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- European session:
European session:
Data:
07:00 Germany Trade balance (September) unadjusted, bln 17.4
09:30 UK Industrial production (September) 0.0%
09:30 UK Industrial production (September) Y/Y -0.7%
09:30 UK Manufacturing output (September) 0.2%
09:30 UK Manufacturing output (September) Y/Y 2.0%
The euro fluctuated before Italian Prime Minister Silvio Berlusconi faces a budget vote and amid speculation that Greece is close to forming a national government.
The franc rose against the euro as Swiss National Bank Vice President Thomas Jordan said the SNB is not weakening the nation’s currency to gain export advantage.
In Greece, Prime Minister George Papandreou resumed talks with his opposition rival in Athens as they moved closer to agreement on naming the premier of a Greek unity government.
The franc depreciated earlier against most of its major counterparts after the SNB’sJordan said the franc “must” weaken further. It reversed declines after he said the central bank will not pursue a competitive devaluation policy.
EUR/USD: the pair holds in $1.3720-$ 1,3800.
GBP/USD: the pair holds in $1.6030-$ 1,6100.
USD/JPY: the pair was trading in Y78,00 area.
At 1700GMT Philadelphia Fed President Charles Plosser delivers a policy speech at award ceremony in his honor, before at 1800GMT, Minneapolis Fed President Narayana Kocherlakota delivers a speech.
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