The U.S. dollar sagged to a one-month low in the lower
The euro was quoted at
After being confined in a narrow range near the
The dollar-selling accelerated in the afternoon as
In another negative report, the
"Given the sharp downward revision to the U.S. GDP, there had been some hope we might see a good reading for the second quarter in the wake of the early fall. But the latest data dashed such hope,"
"At least, U.S. Treasury yields are unlikely to rise so easily," he said.
On the domestic front, the Japanese government said in the morning that the nation's consumer prices rose 3.4 percent in May from a year earlier, the biggest increase in more than three decades, driven mainly by rising energy costs following the April consumption tax hike.
But the dollar-yen pair showed muted reaction to the data as it was within market expectations.
The price data did little to change market views on the possibility about an additional easing by the
"Expectations about additional easing appear to have already diminished very much," he said. "Such a market view is unlikely to change before confirming economic situations in the July-September quarter, as well as effects of the government's new growth strategy, and political situations," he said.
Most Popular Stories
- GE Healthcare Bringing Jobs to Massachusetts
- Hispanic NASCAR Driver Ready to Make History
- Faith Groups Divest From Fossil Fuels
- James Foley Killer Could Be ID'd Via Social Media, Voice Recognition
- James Foley Beheading Video Is Real Thing: White House
- Apple Stock Bounces Back Big Time
- Bank of America Agrees to Pay Record $16.65 Billion
- Entrepreneur Contest Announced in Idaho
- U.S. Existing Home Sales Rise 4th Month Straight
- Family Dollar Will Stick With Dollar Tree