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- Asian session: The dollar was within 0.1 percent of its strongest in almost six weeks
Asian session: The dollar was within 0.1 percent of its strongest in almost six weeks
01:00 Australia HIA New Home Sales, m/m June -4.3% +1.2%
The dollar was within 0.1 percent of its strongest in almost six weeks against major peers before reports this week that may show the U.S. economy rebounded and employers boosted payrolls. Analysts surveyed by Bloomberg News predict the Commerce Department will say tomorrow that U.S. gross domestic product climbed an annualized 3 percent last quarter, indicating the fastest pace of growth for the world's biggest economy since the quarter ended September 2013 and a rebound from a 2.9 percent contraction in January to March of this year.
Economists in separate poll forecast Labor Department data due Aug. 1 will indicate employers boosted payrolls in July by more than 200,000 jobs for a sixth-straight month.
Interest-rate increases may come "sooner and be more rapid than currently envisioned" if the labor market continues to improve more quickly than anticipated, Fed Chair Janet Yellen told lawmakers this month.
New Zealand's dollar remained lower after falling yesterday to the weakest in more than a month.
EUR / USD: during the Asian session, the pair traded in the range of $ 1.3435-40
GBP / USD: during the Asian session the pair fell to $ 1.6975
USD / JPY: during the Asian session, the pair rose to Y102.00
A generally light data calendar for Monday (US Svcs PMI at 1345GMT then pending home sales at 1400GMT the stand out interest) with moves to come from end month flows and any geopolitical developments.
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