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- Asian session:
Asian session:
The dollar held yesterday’s loss against the euro after Moody’s Investors Service put the U.S. under review for a credit rating downgrade, damping demand for the nation’s currency.
US data calendar, including jobless claims, retail sales and PPI, which are all due at 1230GMT.
At 1400GMT, Federal Reserve Chairman Ben Bernanke delivers the semi-annual monetary policy report to the Senate Banking Committee. At the same time, May business inventories are expected to increase 0.9% in May, reflecting the already announced 0.8% increase in factory inventories and the 1.8% increase in wholesale inventories. The weekly EIA Natural Gas Stocks data follows at 1430GMT
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