- European session:
Market news
European session:
Data:
05:45 Switzerland Unemployment Rate May 3.1% 3.2% 3.2%
07:00 United Kingdom Halifax house price index May -2.4% +0.5%
07:00 United Kingdom Halifax house price index 3m Y/Y May -0.5% -0.1%
07:00 Switzerland Foreign Currency Reserves May 235.6 303.8
07:15 Switzerland Consumer Price Index (MoM) May +0.1% +0.1% 0.0%
07:15 Switzerland Consumer Price Index (YoY) May -1.0% -1.0% -1.0%
08:30 United Kingdom Purchasing Manager Index Services May 53.3 52.7 53.3
11:00 United Kingdom BoE Interest Rate Decision - 0.50% 0.50% 0.50%
The euro strengthened after Spanish and French government bond auctions boosted confidence that Europe can contain its sovereign-debt crisis.
The dollar fell as China cut its key interest rates, damping demand for the relative safety of the greenback.
China cut its benchmark lending and deposit rates today for the first time since 2008. The benchmark one-year deposit rate will drop by 0.25% effective tomorrow, the People’s Bank of China said on its website today. The one-year lending rate will also be cut by 0.25%, it said.
Federal Reserve Chairman Ben S. Bernanke today may signal more stimulus is needed to spur a recovery in the world’s largest economy.
EUR/USD: the pair come near to $1,2600.
GBP/USD: the pair grown in $1,5560 area.
USD/JPY: the pair was limited Y79,20-Y79,50.
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