The evergreen buck came off Wednesday’s peak in Europe trade, although it’s still firm enough against the backdrop of the news telling that the American economy still demonstrates decent strength…
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.
The United States will publish the level of quarterly advance GDP growth on April 26, at 15:30 MT time.
On Thursday, the common currency nursed losses versus the evergreen buck having slumped to a 22-month minimum on a shocking dive in a leading gauge of economic activity in Germany, boosting fears a deceleration in the EU’s number one economy…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…