The EUR continued to be influenced by debt worries. The currency is slowly declining against the Yen and the USD. Although during trading it managed to visit the green territory, both Monday and Tuesday it failed to finish higher against the JPY or the greenback.

The EUR/USD is trading in a narrow range around 1.3600. Appetite for risk might benefit the EUR in the coming trading days if data from Europe published today and tomorrow prove that the economy is indeed expanding.

No significant data was published yesterday. Today, better than expected news from the UK and Germany should send the EUR higher against safe haven currencies such as the USD and JPY. Manufacturing Production from the UK is expected to rise 0.3%, German Final CPI is forecasted to rise 0.2% and the regional Trade Balance forecast stands at a potential 16.4B surplus.