Euro Has Strengthened Against US Dollar

The Canadian dollar has weakened after data on the consumer price index. The consumer price index (CPI) slowed to 1.3% in May, compared to the same period last year, after rising to 1.6% in April.

The euro strengthens against the US dollar after the release of economic data from the euro area. Eurozone PMI manufacturing increased to 57.3 in June. Eurozone PMI Services fell to 54.7, below the forecast of 56.1. German PMI manufacturing fell slightly to 59.3.

PMI manufacturing in Japan fell to 52.0 in June. New orders decreased to 51.3 and hit the lowest level since November. New export orders also fell to 52.5.