The following data
were issued
06:00UKNationwide house price index
(May) -2.5% -0.6% -1.1%
06:00UKNationwide house price index
(May) Y/Y -4.4% -2.1% -1.0%
06:00Germany Wholesale sales (May)
real adjusted 0.2% - -1.4%
06:00GermanyWholesale sales (May)
real adjusted Y/Y 9.3% - -4.6%
07:55GermanyUnemployment (May)
seasonally adjusted +4K -27K -4 (-7)K
07:55GermanyUnemployment (May)
seasonally adjusted, mln 3.310 - 3.299
07:55GermanyUnemployment rate (May)
seasonally adjusted 7.9% 7.8% 7.9%
07:55GermanyUnemployment (May)
seasonally unadjusted, mln 3.283 - 3.413
07:55GermanyUnemployment rate (May)
seasonally unadjusted 7.8% - 8.1%
08:00EU(15) M3 money supply (April)
adjusted Y/Y 10.6% 10.3% 10.3%
08:00EU(15)M3 money supply (3 months
to April) adjusted Y/Y 10.7% 10.6% 11.1%
09:00EU(15)Economic sentiment index
(May) 97.1 96.5 97.1
09:00EU(15)Business climate indicator
(May) 0.54 - 0.44
10:00UKCBI retail sales volume
balance (May) -14% -20% -26%
The dollar rose to the
highest level in more than a week against the euro after Federal Reserve Bank of Dallas President
Richard Fisher said the central bank will raise interest rates should consumers
expect faster inflation.
The euro
also declined after a government report showed unemployment in Germany
unexpectedly rose in May for the first time in more than two years. The number
of people out of work, adjusted for seasonal swings, rose 4,000 from April to
3.31 million, the Nuremberg-based Federal Labor Agency said today.
EUR/USD opened around $1.5615. Bids on
approach to $1.5600 were eroded and stops triggered as the rate slipped to
initial lows at $1.5560. A bounce back to $1.5610 met with willing sellers,
with rate then coming back to make fresh lows for the day at $1.5545 before a
slight bounce to end around $1.5570. Stops under $1.5545, bids $1.5520/25,
stronger $1.5510/00. Offers $1.5610/30
GBP/USD opened at $1.9738. Weak numbers saw
rate drop to $1.9708. Recovery boosted in late morning trade, hitting $1.9780
after CBI data, before easing back to $1.9750.
USD/JPY rose to Y105.40. Offers Y105.30,
Y105.40/70, stops above, bids Y105.00/90.
The U.S. economy probably expanded at a 1.0% annual pace last quarter, faster than the Commerce Department's April 30 estimate of 0.6%, according to a survey.