The Japanese currency (the Yen) gained against the major currencies as nation gave positive signs for the economic recovery during the next period, where the industry sector witnessed some improvements for a second straight month, and manufactures restored their production cycle in May.

On the other hand, the Australian dollar (Aussie) advanced sharply versus its US counterpart after the US consumer confidence retreated during June as overall economic conditions of the country lost strength and the present gradual revival lost pace to slow down this past period, damping the demand for the US dollar.

The investors turned to buying higher yielding currencies like New Zealand dollar (Kiwi) as the Greece debt crisis eased along with the US economy is still in a foggy area, supporting the Kiwi to compensate yesterday's losses.