By Cornelius Luca
New York, June 14 (BridgeNews) - The greenback opened mostly higher versus the major currencies following quiet activity in the European market. The euro fell to a two-day low of 84.92 cents on long liquidation while the dollar posted marginal gains against the yen following the Cabinet Office's bleak outlook for the Japanese economy.
Sterling/dollar slipped from a four-day high of 1.3926 but remained perched near the highs, while dollar/Swiss franc climbed to a two-day high of 1.7965. Dollar/Canada advanced as well, but, just like dollar/yen, it remained within Wednesday's range. Thursday's domestic economic agenda is dominated by the May producer price index and April business inventories. Barring a surprise, the inflation data will not affect the growth-minded Federal Reserve. The agenda also includes speeches by Federal Reserve Vice Chairman Roger Ferguson and White House Economics Adviser Lawrence Lindsey.
NY open NY close low high
USD/JPY 122.14 122.10 0.04 121.67 122.26
EUR/USD 0.8504 0.8547 -0.0043 0.8492 0.8559
EUR/JPY 103.90 104.40 -0.50 103.60 104.49
GBP/USD 1.3905 1.3910 -0.0005 1.3894 1.3926
USD/CHF 1.7942 1.7895 0.0047 1.7861 1.7965
USD/CAD 1.5203 1.5168 0.0035 1.5157 1.5223
AUD/USD 0.5234 0.5294 -0.006 0.5231 0.5294
NZD/USD 0.4155 0.4225 -0.007 0.4146 0.4230
SP.1 1249.00 -3.80 1248.20 1252.80
ND.1 1785.50 -22.50 1778.00 1811.00