European session: the yen continues to decline

Data
00:00 Australia Consumer Inflation Expectation November +2.6% +2.2%
00:30 Australia New Motor Vehicle Sales (MoM) October +4.6% -2.8%
00:30 Australia New Motor Vehicle Sales (YoY) October +14.4% +8.6%
01:45 U.S. FOMC Member Williams Speaks -
06:30 France GDP, q/q (preliminary) Quarter III 0.0% 0.0% +0.2%
06:30 France GDP, Y/Y (preliminary) Quarter III +0.3% 0.0% +0.2%
07:00 Germany GDP (QoQ) (preliminary) Quarter III +0.3% +0.1% +0.2%
07:00 Germany GDP (wda) (YoY) (preliminary) Quarter III +0.5% +0.4% +0.9%
09:00 Eurozone ECB Monthly Report November
09:30 United Kingdom Retail Sales (MoM) October +0.5% -0.1% -0.8%
09:30 United Kingdom Retail Sales (YoY) October +2.4% +1.6% +0.6%
10:00 Eurozone Harmonized CPI October +0.7% +0.2% +0.2%
10:00 Eurozone Harmonized CPI, Y/Y (finally) October +2.5% +2.5% +2.5%
10:00 Eurozone Harmonized CPI ex EFAT, Y/Y October +1.5% +1.5% +1.5%
10:00 Eurozone GDP (QoQ) (preliminary) Quarter III -0.2% -0.2% -0.1%
10:00 Eurozone GDP (YoY) (preliminary) Quarter III -0.4% -0.6% -0.6%
 

The yen fell to its lowest level in more than six months against the dollar on expectations that the Japanese elections next month will win the opposition party, which advocates for more aggressive monetary easing.

Japan's currency weakened by at least 0.8% against all 16 major currencies on speculation that the vote would help Shinzo Abe, who urged the central bank to provide unlimited incentives.

The euro rose against the dollar, against the background of what the published data showed that the economy of the region has declined in the third quarter, less than expected. In the euro zone economy fell into recession for the second time in four years. Gross domestic product in the region decreased by 0.1 percent in the third quarter, after falling 0.2 percent in the previous three months. In the same period of last year, GDP fell by 0.6 percent.

The pound fell to a 10-week low against the dollar, as data showed that retail sales in the UK fell sharply. Retail sales, including fuel, decreased by 0.8%, compared with a revised 0.5% gain in September.

The Australian dollar fell as the Reserve Bank said that the increased sales of the currency. As it became known, the Reserve Bank of Australia has sold 457.0 million Australian dollars in the foreign exchange market in October, and other direct operations at RBA exchange market totaled 483 million Australian dollars.