European session:

Data:

06:30 France CPI (October) unadjusted 0.2%

06:30 France CPI (October) unadjusted Y/Y 2.3%

06:30 France HICP (October) Y/Y 2.5%

07:00 Germany CPI (October) final 0.0%

07:00 Germany CPI (October) final Y/Y 2.5%

07:00 Germany HICP (October) final Y/Y 2.9%

07:00 Germany Wholesale prices (October) -1.0%

07:00 Germany Wholesale prices (October) Y/Y 5.0%

07:45 France Industrial production (September) -1.7%

07:45 France Industrial production (September) Y/Y 3.4%

09:00 Italy Industrial production (September) adjusted -4.8%

09:00 Italy Industrial production (September) Y/Y adjusted -2.7%

12:00 UK BoE meeting announcement 0.50%

The euro rose after Italy drew double the bids for the amount on offer at a bill sale, easing concern the nation is struggling to fund itself.

The euro advanced from a one-month low as the European Central Bank was said to buy Italy’s government bonds.

The country’s 10-year yields climbed yesterday above the 7 percent level that spurred Greece, Ireland and Portugal to request bailouts. The euro remained higher versus the greenback as U.S. initial unemployment claims dropped.

Italy sold 5 billion euros ($6.8 billion) of bills today, with investors bidding for nearly double the amount of securities on offer. The bills were sold to yield 6.087 percent today, compared with 3.57 percent the last time it auctioned 12-month securities on Oct. 11.

The Senate in Italy will vote tomorrow on debt-reduction measures that may lead to the resignation of Prime Minister Silvio Berlusconi within days. The pace of the euro’s decline also encouraged some investors to buy.

EUR/USD: the pair grown above $1.3600.

GBP/USD: the pair fell below $1.5900.

USD/JPY: the pair holds in Y77,55-Y77,90.