Euro zone industrial new order growth slowed less than expected in June, the European Union’s statistical agency Euro stat said on Tuesday.

The yen rose to a seven-week high against the euro on the Asian trade session to hit 85.29 per dollar.

Although there are no major U.S. data scheduled for release on Friday, the market is still suffering from yesterday’s jobs disappointing data.

It seems that not only U.S. is reporting a slower recovery as the pace of Canada’s recovery appears to be losing momentum based on today’s reports.

China cut its holdings of Treasury notes and bonds by the most ever in June, favouring the debt of Europe, Japan and Korea.

The yen approached its strongest level against the euro in more than six weeks to reach 109.53 amid renewed global recovery concerns.

US Federal Reserve says increased banking competition has led to more lending!! While small and medium-sized British business still complain of a lack of new credit from UK banks, US lenders have begun easing standards and reducing pricing for the first time in nearly four years.

Consumer price inflation slowed in July but as expected remained above 3 percent, according to the Office for National Statistics.

Kansas City Federal Reserve President Thomas Hoenig warned on the destabilizing effects of overly accommodative monetary policy.

The dollar extended its gain despite the data showing that the U.S. trade deficit unexpectedly saw a sharp widening in June.