Japan Consumer Confidence Index (Apr)
The euro fell to a seven-week low against the dollar on concern European finance ministers meeting today and tomorrow will fail to quell speculation Greece will have to restructure its debt.
The 17-nation currency dropped against 10 of its 16 major counterparts as Greece today pleads for a boost to its 110 billion-euro ($155 billion) financial lifeline from European governments and the International Monetary Fund. The Dollar Index rose to a six-week high. The Australian dollar fell for a fourth day as commodity prices fell and a report showed home- loan approvals declined.
Ministers will tackle Greece’s financing needs at meetings starting at 3 p.m. in Brussels today. Also on the agenda are approval of 78 billion euros in aid for Portugal and the nomination of Bank of Italy Governor Mario Draghi to be the next president of the European Central Bank.
The dollar rose versus all of its 16 major counterparts as the Federal Reserve Bank of New York’s general economic index was 19.7 in May after posting 21.7 in April, according to the median estimate of economists before the bank releases the data today. That’s the first decline in six months.
EUR/USD: the pair shown low in the field of $1,4050 then restored.
GBP/USD: the pair bargained within the limits of $1,6160-$ 1,6200.
USD/JPY: the pair grown in around Y81,00.
Final HICP data for April is also due, including the EMU release at 0900GMT. Further EMU data also includes the 0900GMT release of March trade data.