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[IFX Gertrude]

US dollar ascends on upbeat ADP jobs data



The US dollar strengthens on Thursday as the market is preparing for a bunch of US data ahead of the July 4 Independence Day. Based on the ADP National Employment Report, private employers added 237,000 in June, the largest gain since December. The greenback finished at $1.1044 per euro. Against the Japanese yen, the dollar fetched ¥123.22. Additional improvement in the labor sector may bolster speculations for a rate hike this year. But it “risks a further delay in the Fed's normalization cycle,” said David Song, Currency Analyst at DailyFX.

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[IFX Gertrude]

British pound recuperates amid upbeat UK construction data

The British pound regained from two-week troughs versus the US dollar Thursday following UK construction output increased in June. Markit reported the UK construction purchasing managers' index climbed to 58.1 from 55.9 in May. Against the US dollar, sterling stood at $1.5640. The pound finished at 71.04 pence per euro. We notice some moderate selling in the US dollar, with jobs figures “helping the euro and the pound,” said a London-based spot trader. Risks to the UK economy lurk in the likelihood of Greece's eurozone exit. But in the short run, ructions in the region could cultivate safe-haven inflows into the country.

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[IFX Gertrude]

Usd/idr Sustain Firm Above 13350



Pair gaps up at open to 13340-360 and traded firm since
Pair traded 13350-370 range so far, last at 13350-360
NDFs shot higher to 13440-470; JKSE -0.47%

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[IFX Gertrude]

Eur/usd Calm ahead of Eu Summit



Time running out as debt repayments loom and Greek banks strapped for cash Pair under pressure as market awaits the result of yet another EU summit EU leaders are urging Greek PM Tsipras to come up with firm proposal Greece likely to propose relief on their debt in exchange for austerity EU so far has resisted any proposals involving Greek debt relief If no sign of deal materializes it will likely weigh on EUR sentiment

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[IFX Gertrude]

Japan May Current Account Surplus Y1.880 Trillion

Japan posted a current account surplus of 1.880 trillion yen in May, the ministry of Finance said on Wednesday - surging 266.7 percent on year. The headline figure topped expectations for a surplus of 1.570 trillion yen following the 1.326 trillion yen surplus in April. The trade balance reflected a deficit of 47.3 billion yen - also beating forecasts for a shortfall of 283.8 billion yen following the 146.2 billion yen shortfall in the previous month. Exports were down 0.1 percent on year to 5.707 trillion yen following the 4.1 percent jump in April. Imports tumbled an annual 10.3 percent to 5.754 trillion yen following the 5.9 percent decline a month earlier. The capital account had a deficit of 8.9billion yen, the ministry said, while the financial account saw a surplus of 3.629 trillion yen. The adjusted current account surplus was 1.636 trillion yen - which beat forecasts for 1.375 trillion yen following the 1.274 trillion yen surplus a month earlier. Also on Wednesday, the Bank of Japan said that overall bank lending in Japan was up 2.5 percent on year in June, coming in at 487.773 trillion yen. That was in line with expectations, and down from the 2.6 percent increase in May. Excluding trusts, bank lending advanced 2.6 percent to 424.212 trillion yen. That beat forecasts for an increase of 2.5 percent following the 2.7 percent gain in the previous month. Lending from trusts added an annual 1.9 percent to 63.561 trillion yen, while lending from foreign banks tumbled an annual 15.3 percent to 1.843 trillion yen.

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[IFX Gertrude]

Japan M2 Money Stock Rises 3.8% In June

The M2 money stock in Japan advanced 3.8 percent on year in June, the Bank of Japan said on Thursday - worth 908.7 trillion yen. That missed expectations for an increase of 4.0 percent following the upwardly revised 4.1 percent gain in May (originally 4.0 percent). The M3 money stock gained an annual 3.1 percent to 1,224.3 trillion yen - also below forecasts for 3.3 percent, which would have been unchanged from the previous month. The L money stock gained 4.3 percent to 1,617.4 trillion yen following the 4.5 percent jump a month earlier.

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[IFX Gertrude]

Japan Corporate Service Prices Dip 0.2% In June



An index monitoring corporate service prices in Japan was down 0.2 percent on month in June, the Bank of Korea said on Friday. That missed forecasts for an increase or 0.1 percent following the downwardly revised 0.2 percent increase in May (originally 0.3 percent). On a yearly basis, prices dipped 2.4 percent - also shy of expectations for a fall of 2.2 percent - which would have been unchanged from the previous month following a downward revision from -2.1 percent. Export prices were flat on month and down 4.2 percent on year, the bank said, while import prices added 1.2 percent on month but tumbled 17.6 percent on year.

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[IFX Gertrude]

Euro Rises Against Majors

The euro strengthened against the other major currencies in the Asian session on Friday. The euro rose to a 3-day high of 135.22 against the yen, from yesterday's closing value of 133.86, respectively. Against the pound and the Swiss franc, the euro advanced to 0.7207 and 1.0498 from yesterday's closing quotes of 0.7168 and 1.0454, respectively. Moving away from an early near 2-week low of 1.6342 against the NZ dollar, the euro appreciated to 1.6415. At yesterday's close, the euro was trading at 1.6518 against the kiwi. Against the U.S. and the Canadian dollars, the euro edged up to 1.1088 and 1.4089 from yesterday's closing quotes of 1.1032 and 1.4017, respectively. If the euro extends its uptrend, it is likely to find resistance around 138.00 against the yen,0.74 against the pound, 1.06 against the franc, 1.67 against the kiwi, 1.13 against the greenback and 1.44 against the loonie.

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[IFX Gertrude]

Australian dollar steadies as Greece summit impends



The Australian dollar stabilized on Friday before the anticipated eurozone summit on Sunday. Earlier, the Greek government presented a new bailout plan to its lenders, which showed sales tax and pension reductions. The Aussie ended at 67.47 euro cents from Thursday's 67.42 euro cents, and 74.78 US cents from 74.77 US cents.

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[IFX Gertrude]

New Zealand dollar saps despite Greek debt woes



The New Zealand dollar devitalized Monday as concern escalated regarding the future of Greece following eurozone leaders amplified their demands for reforms over the weekend. At an emergency summit on Sunday, eurozone leaders pressed Greek officials to revise key tax, pension, and privatization reforms by Wednesday before resuming talks. The kiwi closed at 60.33 euro cents from Friday's 60.92 euro cents, 67.01 US cents from 67.22 US cents, and 43.17 British pence from 43.89 British pence. The currency ended at ¥81.91 from ¥82.31, and 90.29 Australian cents from 90.34 Australian cents. Optimism encompassing a Greek deal has slightly faded this morning, “as euro-zone leaders are yet to formally agree on a path forward,” said Raiko Shareef, Currency Strategist at Bank of New Zealand.

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