- European session:
Market news
European session:
Data:
08:30 United Kingdom HICP, m/m May +0.6% +0.1% -0.1%
08:30 United Kingdom HICP, Y/Y May +3.0% +3.0% +2.8%
08:30 United Kingdom HICP ex EFAT, Y/Y May +2.1% +2.3% 2.2%
08:30 United Kingdom Retail Price Index, m/m May +0.7% +0.2% 0.0%
08:30 United Kingdom Retail prices, Y/Y May +3.5% +3.3% +3.1%
08:30 United Kingdom RPI-X, Y/Y May +3.5% +3.3% +3.1%
09:00 Germany ZEW Survey - Economic Sentiment June 10.8 3.6 -16.9
09:00 Eurozone ZEW Economic Sentiment June -2.4 -5.7 -20.1
The euro strengthened against the dollar after a European Union official said a politically acceptable path for Greece and Europe will be sought.
The common currency erased a decline as Spain sold its maximum target of 12- and 18-month bills even as yields rose.
The Federal Reserve begins a meeting today amid prospects policy makers will consider further stimulus measures to sustain U.S. growth. The Fed will consider new forecasts at its two-day meeting as it contends with continuing financial stress in Europe and a U.S. unemployment rate that has remained above 8%.
EUR/USD: the pair showed low in $1,2570 area, but returned above $1,2600 later.
GBP/USD: the pair showed low in $1,5610 area, but returned above to $1,5670 area later.
USD/JPY: during European session the pair consolidated in Y78.90 area.
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