The Euro had another disappointing day as weak inflation data and political jitters in Italy dragged the common currency down to yearly lows. The two Italian parties who were struggling to form a coalition government said to have asked ECB to forgive Euro 250 billion debt.
The Pound reverted some of the losses when news broke out that Britain will ask European Union that they are prepared to stay in the customs union beyond 2021. US data was mixed, however thanks to rising US treasury yields the dollar has managed to stay high against all major rivals.
Today will be quieter in terms of macroeconomic releases from UK and Euro zone. Australia will release their jobs report while US will release the usual weekly unemployment data.