European session: the doller fell versus europen currencies
The Dollar Index extended losses from last week amid speculation Federal Reserve Chairman Ben S. Bernanke will signal at an Aug. 26 conference in Jackson Hole, Wyoming, that the Fed will increase monetary stimulus to boost the economy. The central bank bought $600 billion in Treasuries from November through June in its second round of quantitative easing, or QE2.
The Dollar Index, which tracks the greenback against the currencies of six major trading partners, was fell 0.2 percent to 73.841 from 74.009 last week, when it fell 0.8 percent.
The yen weakened from near its postwar record against the dollar and the Swiss franc fell amid speculation policy makers in both countries will seek to curb gains in their currencies that are hurting exporters.
EUR/USD: the pair become stronger above $1.4400.
GBP/USD: the pair become stronger above $1.6500.
USD/JPY: the pair holds at Y76.80 area.There is no major news on Monday.