Forex Today: US dollar soars through 105 DXY on risk-off flows By fx_ross DollarIndex
fell to 1.0435 from a high of 1.0535 with EU consumer confidence slipping further below the breakeven point in June. Markets are looking to the EU Unemployment on Thursday and inflation on Friday. These data points will be key ahead of next month's July 21European Central Bank's monetary policy committee meeting when the central bank is expected to begin its tightening cycle.data that will be released Thursday.
USD/JPY was an up and down day trading between 135.76 and 137.00 and ended the day in a phase of consolidation in a key area on the hourly chart around 136.60. For the day ahead, both the Manufacturing Purchasing Managers Index and the official Non-Manufacturing PMI are released for China. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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