- European session: investors awaited at FOMC
Market news
European session: investors awaited at FOMC
Data:
06:00 Germany Producer Price Index (MoM) May +0.2% -0.1% -0.3%
06:00 Germany Producer Price Index (YoY) May +2.4% +2.2% +2.1%
06:35 Japan BOJ Governor Shirakawa Speaks -
08:30 United Kingdom Bank of England Minutes -
08:30 United Kingdom Claimant count May -13.7 -3.1 +8.1
08:30 United Kingdom Claimant Count Rate May 4.9% 4.9% 4.9%
08:30 United Kingdom ILO Unemployment Rate April 8.2% 8.2% 8.2%
08:30 United Kingdom Average Earnings, 3m/y April +0.6% +0.8% +1.4%
09:00 Switzerland Credit Suisse ZEW Survey (Expectations) June -4.0 -43.4
The dollar fell on prospects the Federal Reserve will announce further stimulus when it concludes its two-day meeting today.
The pound weakened after minutes of the Bank of England’s June meeting showed Governor Mervyn King and three other policy makers were overruled in a push to expand the bank’s bond- purchase program. Later the pound restored.
A seperate report showed U.K. jobless-benefit claims unexpectedly rose in May. Jobless-benefit claims climbed 8,100 from April while the median forecast of economists was for a drop of 3,100.
EUR/USD: the pair rose above $1.2700.
GBP/USD: the pair updated yesterday's high, reaching $1.5770 area.
USD/JPY: during the European session, the pair retreated from session lows in Y79.00 area.
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