A
gauge of expected price swings in the dollar versus the yen remained
near a record low as traders awaited this week��s data on U.S. consumer
spending and a policy decision from the Bank of Japan.
The
Bloomberg Spot Dollar Index, which gauges the greenback against 10
major peers, rose for a second day yesterday after Federal Reserve Bank
of Boston President Eric Rosengren said economic growth will pick up in
the second half amid œpretty strong consumption. The Aussie dollar was
near a three-week high as China��s central bank announced measures to
support smaller companies and agriculture, bolstering the outlook for
growth in Australia��s largest trading partner.
The
dollar was little changed at 102.47 yen at 9:03 a.m. in Tokyo.
One-month implied volatility in the pair was at 5.36 percent after
touching a record low of 5.25 percent yesterday.
The
euro fetched $1.3592 from $1.3594, after touching $1.3503 on June 5,
the lowest since Feb. 6. It was at 139.29 yen after weakening 0.3
percent to 139.37 yesterday.
Retail
sales in the U.S. increased 0.6 percent in May following a 0.1 percent
advance the previous month, the Commerce Department is forecast to say
June 12, according to the median forecast of economists surveyed by
Bloomberg News.
Source : Bloomberg
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