EUR/USD sits at 1.3075, pretty much where it closed out Thursday in North American, with Asian trade confined to a conservative 1.3048-1.3085 range.
A pick up in general risk aversion (which weighs on the pairing) is being counter-balanced by expectations of general month-end dollar sales (in case of EUR/USD thought to be relatively mild)
Euro zone data due today:
06:00 GMT: German retail sales for June expected -0.2% m/m, +1.0% y/y
08:00 GMT: Italian producer price index for June expected +0.3% m/m, +3.6% y/y
09:00 GMT: Italian CPI for July (provisional) expected +0.2% m/m, +1.5% y/y
09:00 GMT: Euro zone unemployment rate for June expected unchanged at 10%
09:00 GMT: Euro zone CPI estimate for July expected +1.7% y/y
10:00 GMT: Italian unemployment rate +8.8%
Talk buy orders, including sovereign interest, down around 1.3050. Stops noted through 1.3045. Sell orders seen up at 1.3115.
