Important meeting for the single European currency because the summit of the Eurogroup should not however lead to important announcements in terms of sovereign crisis. The reaction of financial markets will be closely watched. We should not exclude a further fall of the euro could be as important as yesterday (over 100 pips against the dollar lost!).
On the economic front, indicators Chinese might have some impact on the dollar in Asia but do not exaggerate the significance of these figures. The unemployment rate in Canada is expected, however much influence on the exchange rate of the dollar as the key indicator will be tomorrow at U.S. consumer confidence index from the University of Michigan who has booked in recent weeks good surprises for traders.
On the economic front, indicators Chinese might have some impact on the dollar in Asia but do not exaggerate the significance of these figures. The unemployment rate in Canada is expected, however much influence on the exchange rate of the dollar as the key indicator will be tomorrow at U.S. consumer confidence index from the University of Michigan who has booked in recent weeks good surprises for traders.
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