US dollar falls ahead of major data

GMT 06:42 2015 Tuesday ,30 June

Arab Today, arab today US dollar falls ahead of major data

US dollar falls
New York - XINHUA

The U.S. dollar slipped against most major currencies on Monday as investors were awaiting the country's closely-watched employment report due out on Thursday.

Analysts said the report will provide more comprehensive information of the U.S. labor market situation, therefore implying the timing of interest-rate hike this year.

The euro added more than 0.6 percent to 1.1248 U.S. dollars in late trading, after slumping 1.9 percent against the greenback in early trading amid Greek debt crisis.

With the June 30 deadline approaching for Athens to meet a 1.6- billion-euro(1.8 billion U.S. dollars) loan obligation to the International Monetary Fund, uncertainty prevailed about whether a last-ditch reform-for-cash agreement could be finalized.

The political leaders of the European Parliament Monday called Greece and the creditors to return to the negotiating table before the end of Tuesday, widely seen as a positive sign from the European Union to resume the Greek talks.

On the economic front, U.S. pending home sales continued to rise in May and was registered at their highest level in over nine years, according to the National Association of Realtors. The Pending Home Sales Index climbed 0.9 percent to 112.6 in May from 111.6 in April.

In late New York trading, the euro soared to 1.1248 dollars from 1.1160 dollars in the previous session, and the British pound climbed to 1.5736 dollars from 1.5731 dollars in the previous session. The Australian dollar went up to 0.7703 dollars from 0. 7652 dollars.

The U.S. dollar bought 122.46 Japanese yen, lower than 123.85 yen of the previous session. The U.S. dollar fell to 0.9264 Swiss francs from 0.9364 Swiss francs, and it rose to 1.2370 Canadian dollars from 1.2323 Canadian dollars.

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