EUR/USD sits at 1.3640 presently, effectively unchanged from where it closed out Thursday in North America, with Asia seeing price action confined to a conservative 1.3609-1.3660 range.
As mentioned yesterday there have been ongoing rumours the PBOC will hike Chinese interest rates today and that has helped curtail EUR/USD gains somewhat.
Not much in the way of euro zone data today, but we have a veritable plethora of global central bankers speaking at the European banking conference in Frankfurt:
07:00 GMT: German producer prices for October expected +0.3% m/m, +4.1% y/y
09:00 GMT: Italian industrial orders for September expected -2.0% m/m, +17.0% y/y
Speakers:
07:45 GMT: ECB’s Stark, Constancio
08:00 GMT: ECB’s Gonzalez Paramo
10:15 GMT: ECB’s Trichet, IMF’s Strauss-Kahn, PBOC’s Zhou, Fed’s Bernanke
12:30 GMT: ECB’s Trichet, Weber
12:45 GMT: BOE’s Tucker
13:45 GMT: ECB’s Constancio, Tumpel Gugerell
EUR/USD stops now seen through 1.3670. Decent buy orders seen clustered down around 1.3560/80.
