This is the most important news in the Forex market today.
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.
During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
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…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…