During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Aussie shows moderate gains in Asia
On Tuesday, the Australian dollar posted a mild rebound because Australia’s key bank held rates intact and also pointed to wages as well as house prices as areas of focus because market participants look ahead to Donald Trump’s remarks in South Korea.
The Reserve Bank of Australia issued its latest interest rate verdict and left its benchmark cash rate at 1.50% just as anticipated, hinting it’s monitoring the housing market and a strengthening Australian dollar is actually restraining price pressures.
The currency pair USD/JPY hit 113.87, soaring 0.15%, AUD/USD reached 0.7694, gaining 0.03%. As for GBP/USD, this currency pair added 0.04% being worth 1.3176.
A bit earlier in Japan, average cash earnings tacked on 0.9% versus a 0.6% revenue expected for September.
Measures the greenback’s value against a trade-weighted basket of six crucial currencies, the US dollar index managed to grow 0.02% being worth 94.64.
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
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.
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…