Reportedly, the ECB is analyzing the possibility of the change of the current inflation target of "below but close to 2%". It weakened the EUR
Greenback hits two-month low vs. yen
On Thursday, the evergreen buck hit a two-month minimum against the Japanese yen, having dropped after the minutes of the Fed’s latest gathering disclosed that some Fed policymakers were really concerned about constantly low inflation.
The US currency dipped to 111.07 yen, which is its weakest value since September 18. Later, the greenback came off that minimum and last traded at 111.29 yen, gaining 0.1% on the day.
On Thursday, trading conditions turned to be thinner than usual, with Japanese financial markets unavailable due to a public holiday. As for American markets, they’re going to be closed for the upcoming Thanksgiving holiday.
The US currency nursed its losses having lost almost 1.1% versus the Japanese yen on Wednesday, which is its greatest one-day sag since mid-May.
As a matter of fact, the minutes of the Fed's October 31-November 1 policy gathering issued on Wednesday revealed that Fed policymakers expect that interest rates should be lifted in the nearer future. It definitely backed market expectations that the major US bank will have interest rates increased already in December.
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 Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…