Among the major currencies the winners were the US dollar and the British pound, with the Australian dollar not far behind. The euro was among the back-markers, alongside the Canadian and NZ dollars. Between the three leaders the specific link was strong national employment data. There was no common factor to link the laggards: In the euro's case the problem was the looming spectre of fresh quantitative easing by the European Central Bank, fed by the comments of its president. Political discord in Portugal and the postponement of a bailout payment to Greece did not improve attitudes to the single currency.

There was nothing among the Euroland economic data to impress investors. The first estimates of third quarter growth in France and Germany were in line with forecast at 0.3%.  Overall the euro lost one US cent and fell by a proportionally-similar cent and a quarter against sterling.