Asian session: The euro rose
Data:02:30 China HSBC Manufacturing PMI (Jul) Preliminar 48.91
04:30 Japan All Industry Activity Index (MoM) (May) 2.0% 1
The euro rose for a third day against the greenback after Germany and France reached an agreement on addressing Greece’s debt crisis before a summit convened to prevent contagion in Europe’s bond markets.
The 17-nation currency also climbed to the highest level in a week versus the yen before the joint Franco-German position is presented at the meeting in Brussels.
Australia’s dollar weakened after data showed Chinese manufacturing slowed.
The Swiss franc weakened after Blick, a Zurich-based newspaper, cited Economy Minister Johann Schneider-Ammann as saying the currency’s strength against the euro is “alarming.”
The Dollar Index slid for a third day as the Obama administration signaled it may accept a short-term increase in the U.S. debt limit only if it’s combined with a major agreement to cut the deficit.
EUR/USD: the pair grown in $1.4270 area.
GBP/USD: the pair grown in $1.6170 area .
USD/JPY: the pair fell in Y78.60 area, but restored later.