June 6th, 2012 market outlook by ACFX
The dollar slid versus most of its 16 major peers as Asian stocks advanced amid speculation officials from the world’s leading economies will collaborate on a response to Europe’s crisis, damping demand for haven assets. The dollar lost 0.3 percent to $1.2488 per euro as of 11:12 a.m. in Tokyo. The U.S. currency fell 0.1 percent to 78.70 yen. The euro gained 0.2 percent to 98.29 yen after rising 1.3 percent in the previous three days. The so-called Aussie climbed 1 percent to 98.40 U.S. cents and advanced 1 percent to 77.46 yen.
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