Yesterday
USD - The dollar was generally stable overnight. There were not much price movement in the crosses against the JPY and the EUR.
EUR - ECB announced that it will keep rates unchanged. The FX Markets however offered little more than a quiet reaction. It is possible that the markets had already priced Trichet's hawkish stance, who also guaranteed that the ECB will raise rates in December. All eyes will be on the US non-farm payrolls due for release at 2030h, if payrolls are better than expected, we could see a major decline of the EUR/USD. On the other hand, if payrolls are worse off, we could see more downward pressure on the USD/JPY.
Later
1700h - EUR : Eurozone Retail Sales
1900h - EUR : Eurozone Unemplyment Rate
2030h - USD : Non Farm Payroll
2200h - USD : US ISM Non Manufacturing
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