06/06/2017 – This Morning’s Exchange Rates
- Posted by currencies in Rate Alerts
- June 6, 2017
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The exchange rates are listed at the bottom of this article. Please note they are for indication only, for live quotes please contact us.
In Britain, the latest opinion poll, by Survation for ITV television, showed Prime Minister Theresa May’s lead over the opposition Labour Party holding at just 1 percentage point ahead of the election.
The dollar hit a six-week low against the safe-haven yen on Tuesday as caution mounted ahead of Britain’s election, a European Central Bank meeting, and former FBI Director James Comey’s testimony to a Senate committee – all of which are set for Thursday.
The greenback has been firmly on the defensive since Friday’s weaker-than-expected U.S. non-farm payrolls report prompted investors to pare back expectations of future interest rate increases by the Federal Reserve.
The common currency’s advance was relatively slow as a wait-and-see mood prevailed ahead of Thursday’s European Central Bank policy meeting, which is likely to result in another baby step toward removing the extraordinary monetary stimulus.
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