The following data were published:
05:00Japan Consumer Confidence Households (Oct) 29,4
The
yen fell as U.S. stock futures gained and Asian money-market rates
declined, giving investors confidence to increase holdings of
higher-yielding assets financed in Japan.
The euro rose versus the
dollar, following a 1.8 percent decline yesterday, as a technical chart
that traders use to predict price movements signaled the loss was
overdone. The yen also dropped against the Australian and New Zealand
dollars, two favorites of so-called carry trades, on speculation
central bankers will urge more action to stem the global credit crisis.
The yen dropped against 14 of the 16 most-active currencies after
the Standard & Poor's 500 Index futures climbed 1.3 percent. In
carry trades, investors get funds in a country with low borrowing costs
and buy assets where returns are higher. .
European Central Bank
executive board member Jose Manuel Gonzalez-Paramo speaks at 9 a.m. in
Paris today. Federal Reserve Vice Chairman Donald Kohn speaks at 5 p.m.
in Luxembourg.
Losses in the U.S. dollar may be limited after
prices fell for the commodities which Australia and New Zealand export
and as Standard & Poor's cut South Africa's ratings outlook.
The
ICE's Dollar Index, which tracks the greenback against six trading
partners, was at 86.779 from 87.075 yesterday, when it reached 87.279,
the highest since Oct. 28.
EUR/USD having opened session in the field of $1,2520, the pair has become stronger above a mark $1,2600 then has slightly decreased.