(Adds New York Fed data and bitcoin, updates prices) By Karen Brettell NEW YORK, June 6 (Reuters) – The US dollar traded against the euro on Tuesday as investors focused on the possibility that the Federal Reserve would continue to raise rates. rose against the yen. Australian stocks surged after the Reserve Bank of Australia (RBA) announced a surprise interest rate hike. With Fed officials entering a blackout period ahead of the June 13-14 U.S. central bank meeting, the next major economic release will be the May consumer price data on June 13. It’s going to be Edward Moya, senior market analyst at OANDA in New York, said: But “we haven’t seen much movement because more people think June isn’t really a live meeting.” is likely to be suspended. Federal funds futures traders see a 65% chance that the Fed will raise rates again by at least 25 basis points in July, according to CME Group’s FedWatch tool. . The euro recently dropped 0.15% against the dollar to $1.0694, while the dollar climbed 0.06% to ¥139.64. The dollar index rose 0.12% to 104.11. The U.S. currency rose on Friday on data that showed employers added 339,000 jobs in May, but the unemployment rate surged to a seven-month high of 3.7%, indicating a weaker labor market. suggesting relief. But the U.S. services sector grew little in May as new orders slowed and a measure of prices companies pay for inputs pushed to a three-year low, a report said Monday. In response to what was shown in, it turned negative. Data from the New York Fed on Tuesday showed supply chain pressures cooled again in May, further easing what was one of the main drivers of the surge in inflationary pressures around the world. Australian dollar hits highest since mid-May after Reserve Bank of Australia raised interest rates by 0.5 percentage points to 11-year high of 4.1%, requiring further tightening to ensure inflation returns to target warned that it could become “The RBA is not necessarily a one-time deal. It will probably need to tighten more, which will bring the interest rate spread much closer than some thought,” Moya said. The Australian currency recently rose 0.85% to $0.6673. The RBA’s surprise move could also draw more attention to Wednesday’s policy meeting at the Bank of Canada, ahead of rate hikes in March and April. Chris Turner, head of global markets at ING, said: “Tomorrow a 25 basis point hike by central banks … would probably send ripples through core bond markets around the world and put the Fed closer to a rate hike than originally expected. From the perspective of the US dollar, the bid price may be maintained.” He said. The US dollar last fell 0.32% against the Canadian dollar to 1.3401 Canadian dollar. In cryptocurrencies, Bitcoin stabilized above $25,000 as investors grappled with news that US securities regulators had sued crypto exchange Binance, severely damaging the industry. The stock closed 3.82% higher at $26,723 on the day. ================================================== ===== Currency Bid Price at 3pm (GMT 19:00) Description RIC Final US Closing Percentage YTD Percentage High Bid Low Bid Last Change Session Dollar Index 104.1100 104.0000 +0.12% 0.599% +104.3700 +103.8100 EUR/ USD $1.0694 $1.0710 -0.15% -0.20% +$1.0733 +$1.0668 USD/JPY 139.6400 139.5750 +0.06% +6.52% +139.9900 +139.1000 EUR/JPY 149.33 149.51 -0.12% +6 .45% +149 .6900 +148.8400 USD/Switzerland 0.9075 0.9065 +0.13% – 1.84% +0.9098 +0.9033 Sterling/USD $1.2430 $1.2435 -0.04% +2.78% +$1.2458 +$1.2392 USD/Canada 1.3401 1.3445 -0.32% -1.09% +1.3452 +1.3392 AUD/USD ar $0.6673 $0.6617 +0.85% – 2.10% +$0.6685 + $0.6610 EUR/SW 0.9703 0.9705 -0.02% -1.94% +0.9714 +0.9689 EUR/GBP 0.8601 0.8612 -0.13% -2.75% +0.8624 +0.8600 NZ $0.6075 $0. 6070 +0.08% -4.32% +$0.6100 + $0.6046 USD/USD USD/Norway11.0920 11.0310 +0.58% +13.05% +11.1550 +11.0060 EUR/Norway 11.8645 11.8119 +0.45% +13.02% +11.9073 +11.7944 USD/Sweden 10.9126 1 0.8432 +0.41 % +4.85% +10.9308 +10.8155 EUR /Sweden 11.6632 11.6157 +0.41% +4.61% +11.6824 +11.5858 (Additional report by Samuel Indyk, London. Editing: Sharon Singleton, Chizu Nomiyama)
