Euro, pound slide against the dollar shot up dilapidated

Bank of Ireland pointed out that the EUR / USD 1.2400 level of approximation higher Monday, but another run-down fall days, approaching 1.2250 support, the exchange rate has been maintained since the middle of this month fluctuations in the 1.2200-1.2400 range. Sterling / dollar surged to 1.5100 level before the top, but in the end a further decline to 1.5050.

Foreign exchange market on the Group of Twenty (G20) summit last weekend, showed little reaction after the statement, mainly because of G20 summit has not issued any new initiatives. Heads of state agreed to cut their mid-2013 the deficit, but also called for promoting financial system reform, and exchange rate fundamentals countries need to respond.

U.S. Department of Commerce (Commerce Department) to data released Monday, thanks to rising U.S. personal income and continued to maintain healthy low price level, the United States in May consumer spending increased steadily. Data showed that U.S. consumer spending in May rose 0.2% monthly rate; the same time, the United States in May personal income increased 0.4% monthly rate.

In addition, the U.S. stock market volatility down Monday, the 10-year U.S. Treasury yields fell 9 basis points to 3.02%, the highest since April 2009 the lowest level.

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