Wednesday, May 25, 2016

Forex - Yen holds mostly stead ahead of corporate services index

© Reuters. Yen mostly steady© Reuters. Yen mostly steady - The yen held mostly stead in early Asia on Thursday ahead of corporate prices data, with the Aussie down with building expenditure due.

changed hands at 110.19, up 0.01%, while changed hands at 0.7189, down 0.13%.

In Japan, the is due with a 0.2% gain seen year-on-year.

In Australia, likely fell 3.0% month-on-month in the first quarter and eased 2.0% quarter-on-quarter. is seen down 3.0% quarter-on-quarter.

New Zealand reports details of its upcoming fiscal year budget.

The , which measures the greenback's strength against a trade-weighted basket of six major currencies, was last quoted at 95.40.

Overnight, the dollar held steady at two-month highs against the other major currencies on Wednesday, as expectations for a June rate hike in the U.S. continued to boost demand for the greenback.

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