Citing people familiar with the matter, Bloomberg reported on Tuesday that the Bank of Japan (BoJ) officials think that it could be possible to hike the benchmark interest rate again this year as economic conditions offset the domestic political instability.
As expected, French PM Francois Bayrou lost his vote of confidence in parliament yesterday and has tendered his resignation, ING's FX analyst Chris Turner notes.
The US Dollar (USD) added to Friday’s decline as investors continued to assess the latest NFP figures, while expectations of extra rate cuts by the Federal Reserve kept the currency under scrutiny.