The euro traded near a three-month low versus the yen before European Central Bank officials speak at a conference in Frankfurt, amid speculation they will ease policy next month.
The dollar traded near the lowest in three months against Japan’s currency before the release tomorrow of minutes from the Federal Reserve’s April meeting. The Bank of Japan begins a two-day policy meeting today. Australia’s currency touched the lowest in almost two weeks before the nation’s central bank releases minutes of its May gathering. Thailand’s baht fell after the army imposed martial law.
“ECB easing in June is becoming the consensus view,” said Etsuko Yamashita, chief economist at Sumitomo Mitsui Banking Corp. in New York. “There would be no buyers of euro. It’s more likely it will break lower into the next ECB meeting.”