The euro reversed losses after Spanish and regional German CPI data while the Swedish krona briefly hit a record low following Riskbank's policy decision.
EUR/USD erased Asia-session losses after Spanish inflation data beat estimates; consumer prices rose 1.6% in June from a year earlier, down from 2.9% the previous month and versus 1.5% estimate.
The euro climbed 0.1% to 1.0922 day high as regional German CPI came stronger than May readings.
The Bloomberg Dollar Spot Index steadied as the euro and the pound met month-end bidding interest after the London open.
Fed Chair Jerome Powell said at least two interest-rate increases are likely necessary this year to bring the inflation rate down to the 2% target.
GBP/USD steadies at 1.2637; corporate names bought the topside break of 1.2630 earlier, a Europe-based trader says.
USD/JPY retreats from 144.70 day high and drops by as much as 0.2% to 144.14.
Japan's chief currency official Masato Kanda tells reporters that authorities will respond appropriately if there is any excessive moves in the foreign-exchange market.
The pair traded near the Asia-session low after falling sharply by 40 pips within a minute during London hours; the move was quickly faded, suggesting it was flow-oriented and not linked to intervention.
AUD/USD up 0.5% to 0.6630 after better-than-expected retail sales data for May; Aussie was initially squeezed higher as exporters bought spot, only to be sold into by leveraged accounts, according to Asia-based FX traders.
Source : Bloomberg
