EUR/USD is sitting down at 1.4635 compared to a North American close Monday up around 1.4655, with the Asian session seeing price action confined to an uninspired narrow range. Market sentiment could probably best be described as “cautiously bearish” toward the pairing, but there is some evident caution of taking on the 1.4600 line where Asian sovereign buy interest was recently noted.
Euro zone data due today:
07:00 GMT: EU 25 new car registrations
07;45 GMT: French November CPI expected +0.3% m/m, +0.5% y/y, harmonised +0.2% m/m, +0.5% y/y
09:00 GMT: Italian labour costs Q3
10:00 GMT: German December ZEW survey, econ sentiment expected 50.0, current situation -60.1
10:00 GMT: Euro zone labour costs Q3 expected +3.5% y/y
European stocks look likely to open marginally firmer.
