Asian session: The dollar fell
The dollar fell to a record low versus the Swiss franc as President Barack Obama said that the nation’s burgeoning debt threatens to do “serious” damage to the economy.
The dollar slid below 78 yen for the first time since March as Obama urged Congress to address future deficits while lawmakers struggle to reach an accord to raise the nation’s $14.3 trillion debt ceiling by an Aug. 2 deadline. Gains in the yen were limited on speculation Japanese officials will intervene to weaken it.
The Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners, fell to 73.684 from 74.102. The index earlier reached 73.682, the lowest since June 8.
EUR/USD: on asian session the pair grown in $1.4480 area.
GBP/USD: the pair grown in $1.6340 area.
USD/JPY: the pair shown high at Y78.70 area then back in area Y78.10. The session low established at Y77.88.UK data at 0830GMT includes the eagerly-awaited Q2 GDP data as well as the latest Index of Services. The release of Q2 GDP on will be one of the UK's highlight of the week.
US data start at 1300 GMT with the S&P/Case-Shiller Home Price Index, while is followed at 1400GMT by both New Home Sales as well as Consumer Confidence data and the Richmond Fed Manufacturing Index.