EUR/USD is sitting up at 1.4670, having closed out last week down around 1.4620. The pairing has garnered support from Dubai’s announcement that it has received $10 billion from Abu Dhabi to help repay obligations, including the $4.1 bln needed for Nakheel PJSC’s Islamic bond maturing today.
European data due today:
07;45 GMT: French current account for October expected -4.0 bln
07;45 GMT: French wages Q3 (final)
10:00 GMT: Euro zone employment Q3
10:00 GMT: Euro zone industrial production for October expected -0.7% m/m, -10.8% y/y
