Monetary easing by the
Spreadbetters expected the European equities to take a breather from their recent advances, forecasting
There was muted market reaction to Chinese inflation data released earlier in the day, as it remained well within the governments' comfort zone, giving room for the government to launch fresh stimulus measures if needed to support the economy.
"No surprises again from May inflation data. Producer prices stabilised whereas consumer inflation continues to be driven by food prices. The core measure is unchanged, pointing to muted inflationary pressure," said
"The set of numbers has no implication on monetary or exchange rate policies, in our view."
Recent global manufacturing data have largely highlighted improving economic conditions, with
"The week ahead is likely to be a quiet one for emerging market asset prices as the focus shifts to the World Cup," strategists at
"Still, central banks continue to occupy the centre stage after
The South Korean won KRW= strengthened to below 1020 to hit a near six-year peak against the dollar, supported by persistent inflows into the stock market, although participants were wary of official intervention.
The dollar continued to benefit from rising U.S. Treasury yields. The dollar index .DXY, which measures the greenback's strength against a basket of key currencies, held steady after rising 0.2 percent on Monday.
The dollar stood little changed at
The Australian dollar hovered near a six-month high against the euro as yield hungry investors piled into carry trades.
The euro slipped as far as to
In commodities, copper steadied after worries about a Chinese probe into metals financing pushed prices to one-month lows in the previous session.
Three-month copper on the London Metal Exchange CMCU3 rose 0.1 percent to
Brent crude LCOc1 gained
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