During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Common currency is on defensive on political concerns
On Monday, the common currency stood on the defensive after Austria's election. It was also influenced by worries over Catalonia's confrontation with Spain, although the greenback lacked momentum after soft American inflation data.
The euro went down 0.25% in early trade, hitting $1.1806, diving further from a 2 1/2-week maximum of $1.1880 reached on Thursday.
Austria's young conservative politician Sebastian Kurz is expected to become the country's next president after Sunday’s election. Kurz will probably seek a coalition with the far right because his party is currently short of a majority.
Market participants also kept an eye on Spain, exactly where Catalan leader Carles Puigdemont is expected to finally make it clear whether he’s actually calling for Catalonia’s independence or not.
Traders weren’t excited about the greenback, as Friday's American consumer price data definitely underscored low inflation.
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…