The euro has risen above the 100-day MA on the comments by Mario Draghi
During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Greenback pauses after the greatest weekly soar of 2017
On Monday, the evergreen buck was nearly intact after market participants took profits on its best weekly performance in 2017. However, traders were cautious as for the status of the American economy as well as tax reform plans setting the overall tone.
The US currency popped to an eight-month maximum versus the Japanese yen during Asia trade. Meanwhile, in London investors were more cautious.
As financial experts explained, the only reason why traders aren’t selling the greenback is uncertainty as for the tax plan progress even although the bond market is actually giving a warning signal.
The evergreen buck edged up to 14.89 yen, showing its highest reading since mid-March. The currency definitely gained steam having breached technical resistance at levels close to 114.50 yen.
Versus a broader trade-weighted basket of its counterparts, the US currency stood still, sticking to 94.946 having gained 1.3% the previous week.
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Will the jobs data support the aussie?
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
The volatility for the USD is expected
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.
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