On Friday, Bitcoin as well as key crypto assets managed to ascend, thus finding themselves on track for back-to-back winning trading marathons…
Aussie tacks on after unexpected leap in May jobs
On Thursday, the Australian dollar leapt in Asia after a shocking bounce in May jobs and after the Fed disclosed its forecasts for rates as well as trimming its balance sheet.
In May, Australia reported 42,000 new jobs, which is past the 10,000 new employees expected under a participation rate of 64.9.
The currency pair AUD/USD jumped 0.38%, trading at 0.7618, while USD/JPY hit 109.57, decreasing 0.02%.
Australia's employment figures have been always volatile, although for the last months the trend has demonstrated a definite improvement in the labor market, as some financial experts revealed.
In New Zealand, the first quarter GDP climbed up 0.5% on quarter, missing the 0.7% revenue observed and also at 2.5% on year, which is below the expected 2.7%.
The currency pair NZD/USD demonstrated 0.7248, sliding 0.29%.
Overnight, the greenback weakened, following a pair of economic reports, which undershot expectations and spurred worries over a slowdown in the American economy.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…