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
Evergreen buck goes down notwithstanding better-than-anticipated labor and inflation data
On Friday, the evergreen buck slumped in Asia notwithstanding better-than-anticipated labour as well as inflation data published overnight.
Tracking the greenback’s purchasing potential versus a group of other currencies the USD index decreased by 0.2% ending up with 96.597.
On Thursday, the Labor Department informed that its core producer price index managed to surge by 0.3% in March, which is above experts’ forecasts for a 0.2% ascend. The core PPI went up by 2.4% for the 12 months through March.
It also informed that initial jobless claims headed south by 8,000 to a seasonally updated 196,000 by April 7, thus ruining hopes for a leap.
A lot of market players had taken a bearish view on the evergreen buck after the American CPI numbers published earlier in the week, although they were forced to steeply cover short positions because Thursday's data turned out to be firm.
The minutes of the Fed’s recent policy gathering, published on Wednesday, told that various Fed policymakers were assured that the appropriate level for interest rates could move in either direction.
By the way, previously the Federal Reserve told that the next move in American interest rates might be down rather than up.
Besides this, the currency pair GBP/USD soared by about 0.2% being worth 1.3072 right after the European bloc agreed to push back Britain’s departure date as far as Oct. 31.
Additionally, the currency pair AUD/USD managed to rally by about 0.1% following the publication of the Reserve Bank of Australia’s fresh financial stability review.
The currency pair USD/CNY stood still, sticking with 6.7189.
As for the currency pair USD/JPY, it jumped by 0.1% hitting 111.74.
Similar
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.
Latest news
British inflation tacks on for the first time this year
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…
Evergreen buck heads north
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…
Gold sinks on soaring greenback
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…
Deposit with your local payment systems
