US Dollar Down, US Treasuries Mostly Lower
The US Dollar (.DXY) Index is down 0.31% to 94.00
- EUR/USD: +0.23% to 1.1381
- The Eurogroup meeting today produced no results and Greece’s departure from the Eurozone looks like a very real possibility…who knows.
- Donald Tusk, European Council president, has called a meeting of Eurozone leaders Monday
- Greece’s official creditors are showing more increased signs of exasperation with the Greek delegation. Greece’s leadership appears prepared to reject a deal that cuts pensions or increases VAT on electricity. The Greeks may also be demanding debt reductions as the current debt burden is unsustainable. Greece has a 25% unemployment rate.
- USD/JPY: -0.48% to 122.99
- Dollar/yen has been moving lower since the FOMC announcement yesterday
- USD/CHF: -0.01% to 0.9217
- The SNB held rates steady at -0.75% and maintained its forward guidance
- USD/CAD: -0.04% to 1.2226
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US Treasury Complex
US Treasuries are mostly lower on the day
- Yield
- 2-yr: Unch at 0.65%
- 5-yr: +2 bpts to 1.65%
- 10-yr: +4 bpts to 2.36%
- 30-yr: +5 bpts to 3.14%
- No economic data will be released Friday, but San Francisco Fed President Williams will be speaking just before Noon EDT
- News
- The US Consumer Price Index (CPI) rose 0.4% in May after a 0.1% gain in April, consensus expected the CPI to increase 0.5%
- It was the largest monthly increase in the headline index since a 0.6% gain in February 2013. Prices were flat Y-Y.
- The US Consumer Price Index (CPI) rose 0.4% in May after a 0.1% gain in April, consensus expected the CPI to increase 0.5%
Stay tuned…
HeffX-LTN
Paul Ebeling
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