EUR/USD
The euro trimmed losses against the U.S. dollar on Monday, after data showed that German consumer prices rose in line with expectations this month although previous reports from the euro zone coupled with Greek debt concerns continued to weigh. Preliminary data showed that the German consumer price index ticked up 0.1% in May, in line with expectations and after a flat reading the previous month.
GBP/USD
The pound slid to fresh three-week lows against the dollar on Monday after data showed that the U.K. manufacturing sector expanded less than economists forecast in May as producers struggled to attract demand from foreign markets. A factory Purchasing Managers’ Index rose to 52 from a revised 51.8 in April, Markit Economics said Monday. Economists had forecast an increase to 52.5 from a previous reading of 51.9.
USD/JPY
The dollar moved higher against the yen on Monday, to trade at 12-year highs following the release of upbeat U.S. economic reports on manufacturing activity and construction spending. Meanwhile, in Japan, capital spending for non-financial firms jumped 7.3% year-on-year in the first quarter, compared to an expected drop of 0.1%.