In this moment, more than repair, we must reimagine.
The common currency receded from $1.2255 to $1.2217, as Institute for Supply Management said its index of U.S. manufacturing activity rose in May as pent-up demand amid a reopening economy boosted orders. German Buba President Weidmann speech is awaited at 19:45. (MUT)
The pound slammed to $1.4154 amid fears around the spread of COVID variants in Britain, while Britain is set to reopen on June 21st fully.
Japanese yen toned down to 109.67 against the dollar as hopes grew for an accelerated economic recovery after the Japanese government said it would start coronavirus vaccinations at workplaces and universities in late June.
The loonie initially soared to 1.20 against the greenback when domestic data showed first-quarter economic growth of 5.6% on an annualized basis and manufacturing activity expanding for the 11th straight month in May. However, it later retreated to $1.2067 this morning on U.S dollar weakness.
The Aussie topped $0.7773 on better-than-forecast Australia Q1 GDP before clawing back gains to $0.7749 on the news the city of Melbourne will be put on a seven-day lockdown, following a new coronavirus cluster.
The South African rand fell to 13.77 per dollar after local data showed that the country's unemployment rate hit a new record high of 32.6% in the first quarter of 2021.
The local pair stayed constant at 40.88(selling).
19:00 - GBP - BoE Gov Bailey Speaks