EUR/USD sits at 1.3760, down slightly from North American close Friday around 1.3790. The market will have noted WSJ article entitled “Spanish towns struggle under crushing debts” Not that ongoing worries surrounding PIIGS have held the euro back so far.
Euro zone data due today:
08;00 GMT: Italian deficit to GDP (ytd) Q2
08:30 GMT: Euro zone sentix investor confidence for October expected up at 8.0 from previous 7.6
09:00 GMT: Euro zone PPI for August expected +0.2% m/m, +3.6% y/y
