The euro has risen above the 100-day MA on the comments by Mario Draghi
During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Aussie declines in early Asia
On Tuesday, the Australian dollar sagged in early Asia, with no key regional data because market participants keep monitoring dollar weakness amid political turmoil in America.
The currency pair AUD/USD hit 0.7937, inching down 0.01%. Meanwhile, AUD/JPY reached 109.07, soaring 0.09%.
Estimating the greenback’s actual strength versus a basket of six main currencies, the US dollar index went down 0.39% being worth 93.00.
Overnight, the evergreen buck slumped versus global currencies amid a definite uptick in safe-haven demand, reacting to resumed geopolitical tension in the Korean Peninsula because US-South Korea military exercises already got underway.
The US currency lost ground versus safe-haven currencies, such as the Japanese yen as well as the Swiss franc after on Monday America and South Korea started their computer-simulated military exercises, potentially risking a reaction from Kim Jong Un, North Korean leader, who might consider such exercises as preparation for an invasion of his country.
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Will the jobs data support the aussie?
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
The volatility for the USD is expected
The level of non-farm payrolls, also known as non-farm employment change or NFP will be out on June 7, at 15:30 MT time.
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