Market updates on September 12
ECB meeting is on the agenda. Will the EUR get weaker?
Greenback keeps to 4-month minimums ahead of American data
On Friday, the evergreen buck was keeping to four-month minimums versus other key currencies because Thursday's dismal American economic reports still put pressure on the US currency and market participants closely watched the publication of major US retail sales as well as inflation data due later in the day.
The greenback was pressured after on Thursday the US Department of Labor reported that initial jobless claims tacked on to 261,000 the previous week versus hopes for a sag to 246,000.
The previous month a separate report disclosed that the producer price index dived 0.1%, thus ruining hopes for a 0.2% soar.
The American currency had gained ground right after China’s foreign exchange regulator told that a report about Beijing slowing or even stopping its American bond purchasing might be built around erroneous information.
The euro gained, with EUR/USD adding 0.17% hitting 1.2052, GBP/USD stood still at 1.3547.
The Japanese yen was intact, with USD/JPY being worth 111.31.
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The British pound falls further ahead of the Cabinet meeting
The news that opposition lawmakers plan to stop Boris Johnson to leave the European Union without a deal increased the political uncertainties in the UK.
The market awaits NFP
The level of non-farm payrolls (NFP), also known as non-farm employment change will be published on September 6, at 15:30 MT time.
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Market updates on September 13
The retail sales for the US in focus today
"Buy the rumor - sell the fact" action for USD/TRY
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Traders await the releases for the USD
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.
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