- Asian session: The single currency gained
Market news
6 June 2011
Asian session: The single currency gained
Data:
01:30 Australia ANZ Job Advertisements (May) -6.5%
The euro touched a month high versus the dollar on prospects officials from the European Union will reiterate their intention to prepare a new aid package for Greece, easing concern over the region’s debt crisis.
The single currency gained versus most of its 16 major counterparts before a report that may show producer-price inflation in the trading bloc held near a 2 year high in April, backing the case for the European Central Bank to increase borrowing costs.
The Dollar Index fell to a one-month low on speculation Fed policy makers will this week signal their willingness to maintain monetary stimulus following weaker-than-expected U.S. unemployment data.
EUR/USD: the pair bargained within the limits of $1.4620-$ 1.4660.
GBP/USD: the pair bargained within the limits of $1.6410-$ 1.6460.
USD/JPY: the pair bargained within the limits of Y80.15-Y80.40.
The Canadian Ivey Purchasing Managers Index is also due at 1400GMT.
At 1715GMT, US Treasury Secretary Tim Geithner delivers a speech to the International Monetary Conference in Atlanta.
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