European session:

Data:

07:00 Switzerland UBS Consumption Indicator December 0.81 0.92

07:00 Germany Retail sales, real adjusted December -0.9% +0.9% -1.4%

07:00 Germany Retail sales, real unadjusted, y/y December +0.8% +0.9% -0.9%

07:45 France Consumer spending December -0.1% +0.3% -0.7%

08:55 Germany Unemployment Change January -22 -8 -34

08:55 Germany Unemployment Rate s.a. January 6.8% 6.8% 6.7%

09:30 United Kingdom Net Lending to Individuals, bln December 1.0 1.2 0.4

10:00 Eurozone Unemployment Rate December 10.3% 10.4% 10.4%

The euro strengthened against the dollar after Greek Prime Minister Lucas Papademos said progress had been made in debt-swap talks with bondholders.

The common currency climbed for the first time in four days versus the yen after European chiefs meeting in Brussels yesterday agreed to accelerate the introduction of a permanent 500 billion-euro ($660 billion) rescue fund and signed a deficit-control treaty.

The dollar fell as stock gains damped demand for safer investments.

The euro is headed for its first monthly advance since October versus the dollar and the yen. The shared currency has appreciated 1.9 percent against the greenback, and risen 1.2 percent versus the yen.

EUR/USD: during european session the pair showed high above $1,3200, but could not be kept and receded.

GBP/USD: the pair showed high in $1,5790 area, but decreased later.

USD/JPY: the pair was limited Y76.20-Y76,40.

At 1400GMT the S&P/Case-Shiller Home Price Index is due and then at 1445GMT the Chicago PMI. At 1500GMT, consumer confidence is expected to rise to a reading of 68.0 in January after the solid jump in December to the strongest reading since April.