June 2, 2015: AUD and the EUR is the strongest. USD and JPY is the weakest.
The EUR is one of the strongest currency as Greece meets a consensus on the terms of a proposed deal that would avoid default and keep Greek in the Eurozone. The proposed deal would still have to be approved by the Greek government which is not a done deal . The AUD is also strong after the RBA refrained from adding "Further easing of policy may be appropriate..." opting instead to comment that "policy needs to be accomodative".
The USD and the JPY are the weakest currencies. The JPY has lost ground versus the crosses - especially the EURJPY, and AUDJPY. As for the USD, the pair did most of it's declining on the back of the strength seen in the EUR and the AUD. Yesterday, US data was mixed with ISM manufacturing rebounding but Personal income and spending and PCE data being not so hot.
The table below is a snapshot of the % changes for the major currency pairs.
On tap today:
- More comments from the Greece proposal
- 9:45 AM ET. ISM NY for May estimate, 58.0 vs. 58.1
- 10 AM ET.US factory orders for April, estimate -0.1% vs. +2.1%.
- 10 AM ET. IBD/Tipp economic optimism for June 49.8 vs. 49.7
- 10 AM ET. Feds Brainard speaks on monetary policy in Washington. She is a member of the Board of Governors of the Federal Reserve and therefore a voting member.
- All day. US domestic vehicle sales for May 13.2 million vs. 12.8 8 million. Total vehicle sales 17.15 million vs. 16.46 million
