20 June 2001, 16:54  US FX Daily Outlook: Euro sinks further, yen also weakens

By Jim Cote
New York, June 20 (BridgeNews) - The euro extended its losses to a six-day low of 85.12 cents to the dollar on continued signs of economic weakness, while the yen gave back its Tuesday gains. Rumors, later denied, that Bank of Japan governor Masaru Hayami had resigned livened up an otherwise extremely dull European morning session.
* * * Dollar/Swiss Franc rose within Tuesday's range while sterling fell to a six-day low of 1.3923. Meanwhile dollar/Canada advanced to a 15-day high of 1.5375.
Wednesday's domestic economic agenda is dominated by speeches from Fed Chairman Alan Greenspan and Fed Gov. Edward Gramlich. Also on the agenda is the release of the May leading economic indicators.
The intraday outlook for the dollar is bullish until proven otherwise in confirmation of the long-term trend.

Current Previous Change Global Global
NY open NY close low high
USD/JPY 123.32 122.90 0.42 122.59 123.38
EUR/USD 0.8512 0.8535 -0.0025 0.8512 0.8543
EUR/JPY 104.97 104.93 0.04 104.55 105.22
GBP/USD 1.3930 1.4005 -0.0075 1.3923 1.4014
USD/CHF 1.7910 1.7898 0.0012 1.7878 1.7934
USD/CAD 1.5350 1.5338 0.0012 1.5335 1.5375
AUD/USD 0.5176 0.5196 -0.002 0.5171 0.5214
NZD/USD 0.4127 0.4141 -0.0014 0.4117 0.4151
SP.1 1218.60 Bridge N/A -5.30 1216.20 1223.80
ND.1 1673.00 Bridge N/A -23.00 1660.00 1694.50

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