June Daily Review - 30/06

 

The dollar remained broadly higher against a basket of other major currencies on Tuesday, after data showed that U.S. consumer confidence improved more than expected in June and as an almost certain default by Greece continued to support safe-haven demand.

U.S. consumer confidence strengthened in June, bolstered by an improving jobs market, according to a private sector report released on Tuesday.

The Conference Board, an industry group, said its index of consumer attitudes rose to 101.4, matching the level set in March and higher than a downwardly revised 94.6 in May.

Economists had forecast a June reading of 97.3, according to a Reuters poll.

The May figure was originally reported at 95.4.

The report's hard-to-get jobs index fell to 25.7 last month from May's downwardly adjusted 27.2.

The euro remained weaker against the other major currencies on Tuesday after Greece requested a new two-year bailout program, just hours ahead of a deadline for what looked to be an almost certain debt default by Athens.

EUR/USD was at 1.1183, off 0.46% for the day, after falling as low as 1.0955 earlier.

 

 

 

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