During the conference in Hague, German Chancellor Angela Merkel said that the EU would find a backstop solution by October 31 (Brexit deadline).
Aussie and Kiwi soar versus greenback
On Wednesday, the Australian and New Zealand dollars rallied versus their American rival notwithstanding the publication of dismal Australian data because market sentiment on the US currency was still vulnerable.
The currency pair AUD/USD managed to grow 0.11% being worth 0.8092 after the Australian Bureau of Statistics informed that the consumer price index inched up 0.6% during the fourth quarter, thus confounding hopes for a 0.7% profit.
However, consumer prices soared 1.9% for the three months to December year-over-year versus hopes for a 2% leap.
In China, in January official manufacturing purchasing managers' index headed south to 51.3 from 51.6 in December, versus hopes for a tumble to 51.5.
China's non-manufacturing PMI tacked on to 55.3 in January from December’s reading of 55.0, surpassing hopes for an intact outcome.
The currency pair NZD/USD inched up 0.80% showing a reading of 0.7389.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.