- Greek media reports: Full aid tranche to be paid in full
- DJ: Troika gave Greece a positive review at Eurogroup meeting
- Leaders endorse eurozone budget
- NIESR: UK econ grew 0.8% in Q3
- Canada housing starts 220.2K vs 207.5K exp
- IMF says Spain to miss deficit target, fin min not so sure
- Austria fin min says 11 countries to sign up for transaction tax
- BOE’s King says rates at ‘rock bottom’
- BOE’s Fisher says all economy lacks is confidence
- South Korean fin min says global crisis to continue
- S&P cuts US state and local govt forecasts
- Discount minutes show concern on manufacturing
- Worries about Iran nukes, WTI oil +2.81 to $92.14
- S&P 500 -1% to 1441
- AUD leads, EUR lags
Tough session for the euro, falling as low as 1.2858. The initial decline in Europe stalled ahead of 1.2900 and the euro bounced as high as 1.2960 in early US trading but it was sheer selling afterwards, interrupted only by a momentary rebound on the Greek aid news.
Cable held 1.60 in the first attempt but it later gave way, falling to 1.5977.
USD/JPY was quiet, for the most part, ranging between 78.19 and 78.33.
USD/CAD fell to 0.9745 after the housing starts numbers but surged above 0.9800 on poor risk appetite. Above 0.9800, there was little appetite from the buyers and the pair slipped back to 0.9793.
Gold at $1764.