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Bloomberg (24/6) - The dollar rose to a
two-week high versus the yen before data that may add to the case for
the Federal Reserve to pare back bond purchases.
The U.S. currency strengthened ahead of reports tomorrow that will probably show orders for durable goods grew and house prices continued to recover. Fed Bank of Dallas President Richard Fisher will speak on monetary policy in London today. The yen slumped against most major peers as Japan’s ruling coalition won a majority in Tokyo elections, signaling support for Prime Minister Shinzo Abe. Declines in the euro were tempered before the release of a German sentiment survey. The greenback rose 0.7 percent to 98.61 yen as of 11:52 a.m. in Tokyo, the highest level since June 11. It gained 3.8 percent last week, the biggest jump since the five days ended Dec. 4, 2009. The U.S. currency added 0.2 percent to $1.3093 per euro, gaining for a fourth day, after earlier touching $1.3087, the most since June 6. The yen declined 0.5 percent to 129.07 per euro. The Dollar Index, which Intercontinental Exchange Inc. uses to monitor the greenback against the currencies of six U.S. trade partners, rose 0.4 percent to 82.664 and reached 82.686 earlier, the highest level since June 5. |
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 10:30 AM
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