The FINANCIAL — MARKETSCOPE: The dollar index up 0.14 to 75.53 at 7:13 am ET before reports on May Personal Income and Personal Consumption Expenditures.
Key players meet in Rome today in meeting aimed at discouraging bond holders from runing for the exists from plan for private investors to provide help for a new bailout for Greece. Obama meets with Senate leaders in bid tro restart deficit-reduction talks. The euro was up at $1.4213. Report banks signal willingness to roll over part of Greek debt in bid to facilitate bailout II. Meanwhile, the Bank for International Settments warned low interest rates create distortions; called on central banks to tighten. Sterling up at $1.5999. U.K. Jun Hometrack house prices fell 3.9% y/y despite near zero BoE interest rates. Dollar up at 80.74 yen. Dollar up at 6.4815 Chinese yuan.