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
Economy bets back common currency for a fifth day
On Thursday, the common currency ascended to a two-week maximum after a bunch of strong reports that underpinned a growing view that the ECB will roll out a plan to wind down its enormous stimulus plan at a policy gathering later this month.
Italian industry data surpassed forecasts right after Germany unveiled firm trade data earlier this week, pointing to a broad-based economic revival in the euro zone notwithstanding the euro’s double-digit revenues in 2017.
Additionally, political concerns have also relieved after Catalonia ceased moving further with its independence, thus putting a floor under the common currency.
The euro hit its highest value in more than two weeks demonstrating $1.1878. The common currency has rallied for five consecutive sessions.
The euro was also underpinned by some general greenback weakness, driven by minutes from the Fed’s latest gathering, which hinted some key bankers were still concerned over everlasting low inflation.
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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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