Most Indices extended modest gains during the Tokyo Trading Session. European Indices declined while ECB President Mario Draghi’s speech highlighting a recovering economy, caused the Euro to advance. Sterling rose to a 1-week high after data showed CBI’s trends advanced at 12 in June, surpassing expectations and up from the month of May data. The Swiss Franc climbed to a near 2-week high as cautious tone ahead of speeches by Federal Reserve officials strengthened safe-haven assets. The Australian Dollar advanced to a 1-week high as a rebound in oil prices and broad-based Dollar weakness boosted its bid tone.
By the Wall Street Currency Trading Session Tuesday, Euro strengthened against the Dollar, Sterling rose to three weeks high against the Dollar following the Healthcare Bill Drama. The Canadian Dollar advanced as higher Crude prices and weaker Dollar across the board boosted the Oil-correlated Canadian Dollar. USDJPY peaked to hit session high at 114.78 and made session lows at 113.06 subsequently.
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