Asian session: The dollar fell
01:30 Australia RBA Meeting's Minutes
04:30 Japan All Industry Activity Index (MoM) (Apr) 1.5%
The dollar fell against a majority of its most-traded peers before a report forecast to show home sales dropped in May to this year’s low, keeping pressure on the Federal Reserve to maintain its accommodative policy.
The euro advanced as European leaders reassured investors a Greek default can be avoided and before data tomorrow forecast to show industrial orders in the region rose in April.
Australia’s dollar fell after Reserve Bank minutes showed policy makers thought it “prudent” to keep rates unchanged amid concern about Europe.
The dollar also fell as Asian shares advanced for the first time in five days, damping demand for the U.S. currency as a refuge. The MSCI Asia Pacific Index of regional stocks advanced 1.1 percent.
EUR/USD: the pair shown high in $1.4380 area.
GBP/USD: the pair shown high in $1.6250 area.
USD/JPY: the pair holds on Y80.10-Y80.40.
The main core-European release for Tuesday will be the German ZEW data, which is expected to weaken to readings of 90.0 for the current assessment and -3.0 for the economic sentiment index.
Events in the UK start at 0810GMT, when Bank of England MPC member Paul Fisher delivers a speech, followed at 0830GMT by the May Public
Sector Finances are due.