une 7th, 2012
EUR/USD The dollar was within 0.1 percent of a more than one-week low against the euro on bets Federal Reserve Chairman Ben S. Bernanke today may signal more stimulus is needed to spur a recovery in the world’s largest economy.
The dollar was little changed at $1.2580 per euro as of 10:38 a.m. in Tokyo from the close in New York yesterday, when it sank 1 percent and touched $1.2586, the weakest since May 28.
USD/CAD Canada’s dollar appreciated for a third day versus its U.S. counterpart, the longest streak since April, as speculation global policy makers will take steps to spur economic growth propelled equities and commodities.
Canada’s currency, nicknamed the loonie, rose 1 percent to C$1.0276 per U.S. dollar at 5 p.m. in Toronto, its biggest intraday move since April 17. One Canadian dollar buys 97.33 U.S. cents
USD/JPY The yen declined versus most of its 16 major counterparts as Asian stocks extended a global rally, damping demand for lower-yielding currencies.
The U.S. currency added 0.2 percent to 79.36 yen. The 17-nation euro rose 0.2 percent to 99.83 yen. The Australian dollar strengthened 0.2 percent to 99.50 U.S. cents.