Source: ForexYard
The euro dropped to a fresh four-month low in overnight trading as investors remain concerned about Greece’s prospects for staying in the euro-zone. The US dollar saw a slight upward correction against the yen, but was unable to advance above 80.00.
Main News for Today
German ZEW Economic Sentiment-09:00 GMT
• Forecasted to come in at 19.1, slightly below last month’s figure
• If it comes in at or above expectations, the euro could see temporary gains against USD, JPY
US Core CPI, Core Retail Sales, Retail Sales-12:30 GMT
• Investors will be closely watching all three of these indicators
• If they come in below expected levels, it will likely raise fears that the Fed will initiate a new round of quantitative easing which could result in heavy dollar losses against yen
• Any better than expected results could help the dollar recoup losses against JPY
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