Irish seen voting yes to austerity.

The Irish are expected to vote in favor of the EU fiscal compact in a referendum today even though unemployment of 14.3% gives a bit more juice to opponents who dub it "the austerity treaty." Polls show 60% favoring the measures, although they may have no choice - a "no" vote immediately turns Ireland into Greece.

Japanese industrial output disappoints.

 Japan's factory output grew a weaker-than-expected 0.2% in April from the month before. Analysts had expected +0.5%. The slowdown stemmed from reduced demand for electronics goods, especially in China. The government expects output to fall in May before rebounding in June.

India's growth falls to nine-year low.

 India's Q1 GDP growth fell to a much worse-than-expected 5.3% on year from 6.1% in Q4 2011, with the farming, industrial and services sectors acting as drags. The corporate sector is experiencing its worst slowdown in recent times as confidence takes a hit from higher interest rates, policy mismanagement and political deadlock. India's BSE Sensex fell while the rupee hit a record low of beyond 56.50 to the dollar.

Euros Outlook Remains Bleak, Yen Steady

The Euro hovered near recent 22-month lows against the US Dollar and remains on the ropes as fears of a messy Greek exit from the Euro Zone keeps investors on their toes.
Meanwhile, the Japanese Yen held its ground against the US Dollar and remains steady in the wake of the recent BOJ meetings.

Euros Sinks Back To 4-Month Low, US Dollar On The Up

The Euro rebound proved to be short-lived as the single currency sank back down to its recent 4-month low, fueled by further speculation that Greece will exit the Euro Zone.
Meanwhile, the US Dollar climbed to a 20-month high across the board. The US Dollar also rose against the Japanese Yen after Fitch downgraded Japan's sovereign credit rating.

Euro Retreats From 4-Month Lows, Yen Dips Lower

The Euro was lifted off its most recent 4-month lows in early trading on Monday but most analysts remain uneasy over the financial turmoil in Greece and Spain.
The Euro looks to be entering a consolidation phase but this may not be enough to keep Greece in the Euro Zone.
The Japanese Yen was seen trading lower amidst growing speculation that the Bank of Japan (BOJ) would further stimulate the economy by weakening the currency via easing measures in its meeting later on this week

Euro Continues To Slide, Yen Remains Steady

The Euro continued its slide downards and went on to reach a 4-month low against the US Dollar on Tuesday. The political deadlock in Greece has raised fears that the country may soon exit the Euro Zone completely.
As a result, the US Dollar continued posting gains against the major currencies but only managed to gain a little bit of ground back on the Japanese Yen in early trading today.