During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
EUR/USD and GBP/USD slide
On Friday, the evergreen buck managed to gain in Asia, with the common currency and the British pound tumbling on worries over Brexit. Additionally, the markets looked for signs Donald Trump might soon point to the next Fed chief.
The currency pair USD/JPY hit 113.26, adding 0.64%, AUD/USD showed 0.7838, declining 0.52%. Besides this, EUR/USD went down 0.34% being worth 1.1812, GBP/USD relieved 0.36% trading at 1.3112.
As for the US dollar index, traditionally gauging the American currency’s strength against a trade-weighted basket of six rivals, it leapt 0.35% trading at 93.34.
As reports suggest, UK Prime Minister Theresa May is actually foundering in negotiations with EU leaders as well as her own party in shaping Britain’s exit from the EU, although she was backed by German Chancellor Angela Merkel.
Overnight, the evergreen buck sank abruptly, contributing to earlier losses, reacting to a sag in bond yields after a report hinted that Fed Governor Jerome Powell is actually leading the race to become next Fed Chair after Janet Yellen.
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…