(Reuters) – The dollar is nearing a one-month high against the euro after hitting a one-week high against the yen, as traders prepare for key U.S. inflation data and an interest rate outlook for the euro.
The Bank of Japan will set its policy on Friday. While investors expect the central bank to cut its monthly bond purchases early in the meeting, yield differences with the U.S. keep the yen on the defensive.
The dollar was up 0.2% at 157.34 yen by 10:15 a.m., the highest since June 3 at 157.39.
The euro moved little, at 1,076 dollars. Yesterday it fell to a level of 1.0731, last seen on May 9, after the far-right’s success in the European Parliament vote and French President Emmanuel Macron’s call for snap national elections.
The pound fell 0.05% to $1.2723 after the UK unemployment rate rose in April despite another month of strong wage growth.
The dollar index rose 0.03% to 105.185, after hitting 105.39 yesterday for the first time since May 14.
10:15
CHANGE RIC OFFER CLOSING
EURO/DOLLAR EUR= 1.076 1.0764 1.0763
RO:
DOLLAR/YE JPY= 157.34 157.37 157.02
N:
EUR/YEN EURJPY= 169.34 169.35 169.02
EURO/STERLING EURGBP= 0.8458 0.8461 0.8453
WHEN?
GOLD POINT XAU= 2,305.9 2,306.3 2,310.9
REC NAME VALUE VALUE % CLOSING
INDEX:
INDEX .DXY 105.185 0.03 105.15
DOLLAR:
(Translated by Laura Contemori; Editing by Valentina Consiglio)
