US dollar weakened vs. its counterparts after Chicago FRB President Charles Evans said the central bank should keep policy accommodative to support the economy. The Fed’s Chairman will speak today at 21:00 GMT – this speech may clarify the central bank's monetary easing prospects.
USD/JPY rose to a new high of 89.67. This time yen fell on the prospects that Japanese Prime Minister Shinzo Abe will select a central bank chief who will expand monetary easing efforts to accelerate decline of the national currency. Abe also said on Sunday that the BOJ must set a 2% inflation target and make it a medium-term goal rather than a long-term objective.
EUR/USD opened the week with a gap up and touched $1.3404. Watch the euro zone’s industrial production data at 10:00 GMT.
AUD/USD is trading at $1.0550 after dipping to $1.0520 earlier today on poor Australian jobs and housing data. NZD/USD is trading at $0.8400 after dipping to $0.8360 earlier today.
GBP/USD is hovering around the $1.6140 mark. USD/CAD is consolidating at 0.9840. Today the BOC will release its business outlook survey at 15:30 GMT.Publication source