The following data were published
00:01 UK NIESR GDP Estimate (Oct) -0,5% -0.2%
00:30 Australia Unemployment Rate (Oct) 4,3% 4,3%
00:30 Australia Employment Change (Sep) 34.3K 2,2К
06:00 Japan Coincident indicators diffusion index (September) preliminary 100.8 100,6
06:00 Japan Leading indicators diffusion index (September) preliminary 89.2 89,0
09:00 UK Halifax house price index (October) -2.2% -1.3%
09:00 UK Halifax house price index (October) 3m Y/Y -13.7% -12.4%
11:00 Germany Manufacturing orders (September) unadjusted Y/Y -2,7% -7,6%
11:00 Germany Manufacturing orders (September) seasonally adjusted Y/Y -1,3%
11:00 Germany Manufacturing orders (September) adjusted 3,6%
12:00 UK BoE meeting announcement 3,00% 4,00% 4,50%
12:45 Е15 ECB meeting announcement 3,25% 3,25% 3,75%
The euro fell against the dollar and the yen as European Central Bank cut interest rates today half-percentage point cut to 3.25 percent.
``The market is pretty certain we're going to get 50 basis points,'' said Jeremy Stretch, senior strategist in London at Rabobank International, the third-largest Dutch banker. ``I suspect the accompanying rhetoric will be dovish and they'll continue to talk of downside risks to growth.''
The ECB announced its decision at 12:45 GMT and the bank's president, Jean-Claude Trichet, will hold a press conference 45 minutes later. The ECB lowered its benchmark rate to 3.75 percent on Oct. 8, joining the Federal Reserve, the Bank of England, the Bank of Canada and the Swiss National Bank in coordinated reductions. Benchmark rates are 1 percent in the U.S. and 0.3 percent in Japan.
``The euro is likely to ease on the decision,'' analysts led by Ulrich Leuchtmann, head of foreign-exchange research in Frankfurt at Commerzbank AG, wrote in a client note. '
The pound declined for a second day against the dollar as BoE MPC cut Bank rate by 150bps to 3.00%.
EUR/USD started the day at $1.2955 before posted session low around $1.2823. The pare bounced back later and traded around $1.2880. After ECB cut euro fell to $1.2760.
GBP/USD fall after BoЕ desicion but got support at $1.5720 before gained up to $1.6040. Now the rate stabelized in the middle of the range.
USD/JPY from Y98.40, fell to the session low at Y97.55 before bounced back to session high, where met the new pressure.