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- European session: The yen strengthened
European session: The yen strengthened
The yen strengthened as the Federal Reserve’s pledge to keep interest rates at a record low for two more years failed to convince investors global growth will be sustained, boosting demand for haven currencies.
The Swiss franc weakened after the nation’s central bank said it expanded measures to counter the currency’s strength.
US data starts at at 1400GMT with Wholesale Inventories and then at 1430GMT with the weekly EIA Crude Oil Stocks data. Later on, at 1800GMT, the US Treasury is expected to post a $135.0 billion budget gap in July, smaller than the $165.0 billion gap in July 2010.
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