Euro US Dollar Exchange Rate Relieved as Greece Avoids Crisis Once Again

Policy makers in Japan, Switzerland and Britain are also scheduled to weigh decisions this week.

The rupee opened 13 paise down at 64.66 against dollar on Friday on account of selling of American currency by banks and exporters.

Asian markets mostly rose yesterday following a sell-off the previous day, while the dollar and pound extended gains on growing expectations of a hike in U.S. and British interest rates. The dollar jumped 1.2% against the Japanese yen to ¥110.93 and the euro fell 0.7% against the dollar to $1.1146. Interest to add fresh shorts gained traction on the break of $1.1185 support, said the traders, who asked not to be identified as they weren't authorized to speak publicly.

The New Zealand dollar slipped 0.1 percent to $0.7215 NZD=D4 after touching a low of $0.7197, moving away from the previous session's almost four-month high of $0.7228. Global currency volatility approaches the record lows seen during the summer of 2014 and with major central banks on hold, it may take a black swan event to unfold for it to rebound convincingly.

Since the most recent surveys continue to point to a rather solid growth in manufacturing activity in the eurozone, it is fair to expect that May's hard data from the industrial sector will finally reflect this acceleration in output activity'.

Gold turned negative after the Fed rate increase.

The Fed hiked United States interest rates on Wednesday as was widely expected.

The euro is down by 0.5% at 1.1160 against the dollar.

LONDON, June 15 (Reuters) - The dollar inched higher on Thursday, with expectations of another Federal Reserve rate hike this year kept alive by a policy meeting that also pointed the way to a trimming of the huge emergency funds pumped into the economy since 2009.

On a less positive note, another report showed that USA industrial production was flat in May, disappointing expectations for a 0.2% rise. Chairwoman Janet Yellen said. on Wednesday during an afternoon news conference, after the Fed raised rates for the fourth time since the end of 2015, that the Fed is "monitoring" stubbornly low inflation but isn't ready to veer from its tightening schedule, deeming recent week data as "one-off". Following this week's unexpectedly slow United States inflation report the Fed also downgraded its 2017 inflation outlook. Gold slipped 0.2% to $1 258.63 an ounce after sliding 0.5% the previous day. Crude traded near a seven-month low.

Mexico's central bank is likely to raise interest rates next week to contain a spike in inflation and following a move by the U.S. May's drop was the largest since January 2016 and confounded economists' expectations for a 0.1 percent gain. These so-called core retail sales correspond most closely with the consumer spending component of gross domestic product and were previously reported to have increased 0.2 percent in April. He notes the Fed has given no indication it will slow the pace of rate hikes it has laid out.

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