The Single currency is still trying to hold its gains above 1.36 versus the greenback after it could find support by a well-covered Italian 10 years bonds issuance earlier yesterday at yield average lower than Wednesday new recorded highs since the beginning of adopting the Euro which reached 7.37% while the Italian senates are rushing to vote today on passing new austerities measures which can be followed by Berlusconi's resignation.

From the another side, The worries about the Greek political have eased back too as the position of  the new united Greek government PM has gone to Lucas Papademos who was the previous ECB vice president. Papademos can really find acceptance from the European side but it is hard to have more than what Papandreou had from the Greek street to add more austerity measures.

The single currency has retreated back again after failure to break above 1.387 again versus the greenback which is getting support currently from the disagreement around the way of IMF financing of the EU debt amid the G20 meetings in France.

The single currency has been under pressure yesterday by the unexpected decision of the ECB to cut the interest by 0.25% and Draghi's warning of falling in a mild recession at the end of this year but the Greek PM calling off the referendum on the second bailing out plan could help the single currency to get over 1.38 again and it is now trading around 1.373 after the US Labor report release of October which has shown producing 80k jobs out of the farming sector ...

The Japanese yen has found strength in the Asian session to break below 75.70 making a new low at 75.65 because of the falling of Sep unemployment rate to 4.1% while the market was waiting for 4.5% from 5.3% in August and also Sep industrial productions release which has shown declining by 0.4% while the market was waiting for stronger falling by 2.3% after rising in August by 0.4%. keeping  greenback trading versus the Japanese yen below 76 despite the intervention threats from BOJ which kept the interest rate unchanged at 0.1% this week predicting this FY GDP to be by 0.3% from 0.4% in last July and next year to be 2.2% from 2.9% previously in last July and concerning 2013, it has predicted its GDP to be 1.5% warning of the risks facing the US economy and the global economy and its impact on the Japanese economy amid the EU debt crisis and Japanese yen strength which did not cap  Japanese merchandise total trade balance from making ¥300.4b surplus while the market was waiting for just 198b from 775.3b deficit in August

Improving the risk appetite in the recent few days could help the Canadian dollar to add more gains versus the greenback with rising back of the oil prices after it had been under pressure on increasing worries about the US growth outlook which can effect negatively on the Canadian exports of commodities and oil to US.

From another side, The Canadian dollar has been well-supported too by the strong rising of IVEY PMI to 63.4 in September which followed another strong rising in August to 57.6 after a sudden falling In July to 45.1