Asian session: The dollar fell

Data:

01:00 Australia Consumer Inflation Expectation (Apr) 3.5%

The dollar fell toward a 15-month low against the euro on speculation the Federal Reserve will lag behind the European Central Bank in raising interest rates.

The common currency erased earlier declines versus the yen before data forecast to show European inflation quickened last month.

New Zealand’s dollar reached a five-month high versus the U.S. currency after its government sold NZ$700 million ($556 million) in bonds.

The Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners, lost 0.4 percent to 74.672, after touching 74.642, the lowest since December 2009.

Euro-region consumer prices rose 1.3 percent in March from the previous month, when they gained 0.4 percent, according to economists surveyed before the European Union’s statistics report tomorrow. The ECB last week raised its main refinancing rate to 1.25 percent from a record-low 1 percent and left the door open for further increases.

The U.S. consumer-price index advanced 0.5 percent in March, the biggest gain since June 2009, a separate survey showed before the Labor Department data tomorrow.

EUR/USD: the pair shown high above a mark $1.4500.

GBP/USD: the pair shown high in the field of $1.6360.

USD/JPY: the pair decreased in around Y83.40.

At 0800GMT, the ECB publishes the monthly bulletin for April.

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