EUR/USD is trading firmer from where it closed out last week in North America, presently up at 1.4635 from around 1.4575.
The USD has seen some across the board weakness ( USD/JPY something of an exception), with the G7 having done diddly squat to support the dollar. The euro has also garnered some marginal support in it’s own right from the Irish acceptance of the Lisbon treaty.
European data due for release today:
07:45 GMT: Italian PMI services September expected 47.1
07:50 GMT: French PMI services September (final) expected 52.2
07:55 GMT: German PMI services September (final) expected 52.2
08:00 GMT: Euro zone PMI services September (final) expected 50.6
08:30 GMT: UK PMI services September expected 54.5
08:30 GMT: Euro zone Sentix investor confidence October expected -12 from previous -14.6
09:00 GMT: Euro zone retail sales August expected -0.4% m/m
Buy orders seen at 1.4580 down through 1.4550, sell orders up at 1.4660 up through 1.4700.
