EUR/USD sits at 1.4830, effectively where it closed out Thursday in North America. The Asia session saw uneventful trade, the EUR/USD pairing effectively consolidating yesterday’s gains.
A fair amount of Euro zone data lined up today;
07:00 GMT: German retail sales for September expected +1.0% m/m, -2.2 y/y
07:45 GMT: French producer prices for September expected -0.3% m/m. -8.1% y/y
09:00 GMT: Italian producer prices for September expected -0.3% m/m, -7.9% y/y
10:00 GMT: Italian CPI for October (prov) expected +0.1% m/m, +0.3% y/y; EU harmonized +0.5% m/m, +0.4% y/y
10:00 GMT: Euro zone CPI estimate for October expected -0.1% y/y
10:00 GMT: Euro zone unemployment rate for Spetember expected 9.7% from previous 9.6%
It’s the end of another month, so will be keeping an ear to the ground for any info regarding likely equity-related month-end flows.
Talk of buy orders down at 1.4790/00, sell orders up at 1.4875/85, the latter not thought to be overly large.