The dollar is currently trading mixed against its major competitors on Monday. The U.S. currency is up slightly against the Japanese Yen, falling against the Euro and is nearly unchanged in comparison to the pound sterling.While the Commerce Department released a report on Monday showing that U.S. personal income rose by less than expected in the month of March, the report also showed slightly stronger than expected personal spending growth.
The report showed that personal income rose by 0.2 percent in March after surging up by 1.1 percent in February. Economists had expected income to increase by about 0.4 percent.
Meanwhile, the Commerce Department said personal spending climbed 0.2 percent in March following a 0.7 percent increase in February. Spending had been expected to edge up by 0.1 percent.
Pending home sales in the U.S. increased more than anticipated in the month of March, according to a report released by the National Association of Realtors on Monday, although the trade group noted that contract activity in recent months shows only modest movement.
NAR said its pending home sales index rose 1.5 percent to 105.7 in March after falling by 1 percent to a downwardly revised 104.1 in February. Economists had expected pending home sales to rebound by about 1 percent.
Enrico Letta, Deputy Secretary of the center-left Democratic Party, was sworn in on Sunday in Italy as the head of a broad coalition government that included former Prime Minister Silvio Berlusconi's right-wing group, the Democratic Party's main adversary.
Unemployment woes in Greece is set to intensify further with the Parliament on Sunday approving a new bill that paves for around 15,000 civil service layoffs by the end of next year. The bill, backed by all three parties in Greece's ruling coalition, was passed by 168 votes to 123. The new law makes it easier for the government to dismiss staff in civil service and also includes provision to reduce a largely unpopular property tax.
Also, the passage of the bill was a necessary condition for the country to receive its next loan tranche worth EUR 8.8 billion.
The dollar traded basically flat against the Euro on Friday, around the $1.3040 level, but has dropped to over a 1-week low of $1.3115 on Monday.
Eurozone economic confidence declined more than expected in April, reflecting broad-based weakness across sub-components excluding consumer sentiment, intensifying pressure on the central bank to cut rates. The economic sentiment index eased to 88.6, a four-month low, from a revised 90.1 a month ago, survey results published by the European Commission showed Monday. It was forecast to fall to 89.4.
A leading indicator for the Eurozone economy declined in March after recording a modest increase in the previous month, indicating that the economy remains very weak and a recovery in the coming months continues to be unlikely, a survey by the Conference Board showed Monday.
The leading economic index decreased 0.4 percent month-on-month to 105.8 in March, after increasing 0.1 percent in February and 1.4 percent in January.
Germany's EU harmonized inflation eased more than economists expected in April, latest data showed Monday. Inflation as per the harmonized index of consumer prices (HICP) slowed sharply to 1.1 percent in April from 1.8 percent in March, the Federal Statistical Office said. Economists had forecast a much slower deceleration to 1.7 percent.
Spain's retail sales continued to fall in March, and at a faster rate than in the previous month, data released by statistical office INE showed Monday.
Retail sales volume, on an unadjusted basis, plunged 10.9 percent year-on-year in March, faster than the 10.4 percent decrease seen in February, extending the current sequence of contraction. The rate of fall for February has been revised up from 10.6 percent.
The greenback pulled back to a 2 1/2 month low of $1.5545 against the pound sterling Monday morning, but has since bounced back to around $1.5490, nearly unchanged on the day.
Properties in London were sold at the fastest pace since 2007 in April, while house price growth across the U.K. and capital city remained at three-year high, a survey by Hometrack revealed Monday. London homes stayed on the market for an average of 4.6 weeks this month, the least since October 2007, the survey found.
House prices in England and Wales increased modestly from the previous month in March, data from a survey by the Land Registry showed Monday. The house price index for England and Wales edged up 0.1 percent month-on-month in March, the agency said.
The buck dipped to an early low of Y97.341 against the Japanese Yen on Monday, but has since rebounded to around Y98.160.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.