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 slides in Asia after Fed
On Thursday, the US currency went down in Asia because minutes from the major US bank showed some uncertainty as for a December rate lift among some FOMC officials, although the overall view appeared to be still intact for the hike.
The currency pair USD/JPY showed 112.41, declining 0.08%, AUD/USD reached 0.7803, soaring 0.19%. As for EUR/USD, this currency pair demonstrated 1.1867, ascending 0.08%, GBP/USD gained 0.18% being worth 1.3244.
Assessing the greenback’s actual value versus a trade-weighted basket of six main currencies, the US dollar index sagged 0.08% offering a reading of 92.72.
Fed policymakers had a long debate as for the prospects of a pickup in inflation as well as slowing the path of future interest rate hikes if it did not. That’s what follows from the minutes of the Fed’s policy gathering on September 19-20 published on Wednesday.
Overnight, the evergreen buck sank versus a basket of crucial rivals after data disclosed weakness in the labor market.
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…