FX Daily

* In Italy, Prime Minister Enrico Letta will present his new government’s programme ahead of a confidence vote in the Lower House and Senate. The government should be able to survive the confidence vote even though it only has a slim majority after Berlusconi’s party Forza Italia withdrew its support for the government.

* Final German inflation is expected to be unchanged. However, the data is more interesting than usual as details on sub-indices affected by methodological changes are released. These details will give more insight about what to expect for the figure in December.

* ECB Vice President Vitor Constancio is scheduled to speak in Frankfurt today and comments about the ECB’s toolbox will again be in focus.

* In Sweden, Prospera publishes its quarterly inflation expectations survey which could be a potential market mover ahead of the Riksbank.