Source: ForexYard
The euro fell to a four-month low against the USD in overnight trading following news that Greek politicians have once again failed to form a new government. Investors are concerned about the possibility of Greece exiting the euro-zone. Risk aversion in the marketplace also caused the AUD/USD to drop below 1.0000 in morning trading.
Main News for Today
EUR Industrial Production 09:00 GMT
• Forecasted to come in below last month’s figure
• The news could result in further losses for the euro against the USD and JPY
Italian 10-Year Bond Auction
• No definitive time set for the bond auction
• Should demand for Italian bonds be low, the euro is likely to drop further as a result
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