Greenback declines, EU inflation data backs euro

Greenback declines, EU inflation data backs euro

On Monday, the evergreen buck started the week on the back foot. It’s because sturdy EU inflation data underpinned the common currency, while everlasting tensions with North Korea gave strength to the Japanese yen.

The US dollar index, traditionally utilized to gauge the greenback’s value versus a basket of six counterparts, slid 0.1%, hitting 98.963.

Against its Japanese rival, the greenback tumbled 0.2%, hitting 111.33.

On Friday, the greenback hit a session peak of 111.72 yen, within a couple of ticks of the previous week's almost four-week peak of 111.78 reached on April 26.

Friday’s US Labor Department data unveiled private wages as well as salaries added 0.9% during the first quarter, thus marking the largest soar for 10 years. It also suggested that the Fed might still raise interest rates several times this year.

The confident wage ascend helped to compensate other data on Friday, which showed that the American economy added at its weakest pace for three years in the first quarter because consumer spending nearly stalled.


Latest news

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


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera