dollar plummets!

The dollar plummeted on Friday against its G10 peers! European officials are coming closer to coming up with a solution to the Euro zone sovereign debt crisis.

Investors are likely to focus on the upcoming FOMC meeting for this week.  

Germany January IFO climate n export is good at 10.3 vs 109.9 cons.

Uk December retail sales dropped down more than expected to -0.8% vs -0.3% cons.

It’s quite a directionless scenario at the moment in Asia open. Investors seem to be looking at European session to form their trades later this evening. We’ve got European data coming out this evening which could provide movement, so keep a watch for later.

Data today

German PMI Manufacturing -8.30am GMT

German PMI Services – 8.30am GMT

Eurozone PMI Manufacturing -9am GMT

Eurozone PMI Services – 9am GMT

Eurozone Industrial new orders – 10am GMT