The Australian dollar may be supported by the jobs data
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
Germany negotiates wages ascend more strongly in the first quarter
In Germany, negotiated wages inched up by 2.8% on average during the first quarter compared with the same period the previous year, as data disclosed on Tuesday, spurring hopes that household spending will probably remain a major driver of surge in the EU’s major economy.
As reported by the Statistics Office, negotiated wages include collectively agreed basic pay and also one-off payments, back payments from wage deals and annual bonuses.
The 2.8% leap in the first quarter appeared to be above the long-term average of 2.5% for the last 20 quarters and it also marked an acceleration in wage surge from a 2.2% soar in the final quarter of the previous year, as the office informed.
Negotiated wages tacked on more steeply than consumer prices that soared by 1.9% during the same period, as the data revealed, suggesting that consumers have more money to spend notwithstanding growing inflation.
Similar
Will the Fed make the US dollar rise?
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
Greece might end up missing euro zone cash
There’s a likelihood next month that Greece won’t receive up to 750 million euros, it’s expected to get under a debt relief deal with the EU concluded in 2018 because this European country has failed to complete a number of agreed reforms…
Latest news
Weekly CryptoNews
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
Most Asian stocks post strong revenues with Nikkei rising more than 2%
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan real wages surge is slowest in almost two years
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
Deposit with your local payment systems
