Forex Pros – The U.S. dollar was mixed against other major currencies on Monday, after official data showed that U.S. consumer spending rose at a faster rate than expected in May. The greenback was up against the euro, with EUR/USD shedding 0.31% to hit 1.2331 after official data showed that U.S. consumer spending rose at a faster pace than forecast in May. The dollar's gains also came after the leaders of the world's biggest economies agreed on a timetable for halving their budget deficits within three years at the Group of 20 summit in Canada. Meanwhile, the greenback rose against its Australian and New Zealand counterparts: AUD/USD dropped 0.06% to hit 0.8734 and NZD/USD slid 0.76% to reach 0.7086. But the dollar fell versus sterling and the Swiss franc, with GBP/USD rising 0.33% to hit 1.5111 and USD/CHF sliding 0.99% to hit 1.0832. The greenback was also down against the yen and loonie, with USD/JPY slipping 0.06% to reach 89.22 and USD/CAD dropping 0.15% to hit 1.034. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.01%. Also Monday, official data showed that the euro zone's M3 money supply dropped unexpectedly in May. In a report, the EU statistics agency said M3 money supply dropped 0.2% during the month, after a drop of 0.1% in April. Economists had expected growth of 0.2% in May.

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