During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Greenback reaches three-month maximum vs. yen on Abe election win
On Monday, the evergreen buck hit a three-month maximum versus the Japanese yen, with market participants betting that an emphatic election win for Japan's ruling party would mean a continuation of the ultra-loose "Abenomics" policy, which have kept suppressing the Japanese yen.
Japanese Prime Minister Shinzo Abe's ruling bloc managed to score a huge victory in the election on Sunday, with his Liberal Democratic Party-led (LDP) coalition grasping a combined 312 seats, thus keeping its two-thirds majority in the lower house.
Abe's win relieved concerns that the economic steps taken under his leadership, such as an expansive asset-purchase program by the BOJ, would be disrupted and also would cease the Japanese yen's depreciation versus the evergreen buck.
The major US currency soared 0.5% reaching 114.10 yen after the election results, which is its strongest outcome since July 11.
Australia will release the level of employment change and unemployment rate on June 13, at 4:30 MT time.
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.
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 Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…