Brazil is struggling on both the humanitarian and the financial frontы. As a result, Brazilian real is weakening
Greenback soars on yen early in Asia
On Wednesday, with producer prices on tap the evergreen buck grew versus its Japanese rival in early Asia trade.
The currency pair USD/JPY hit 110.27, ascending 0.11%, AUD/USD reached 0.8017, declining 0.04%
Measuring the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index slumped 0.03% trading at 91.89.
Japan reported August’s producer prices with a 0.1% revenue observed on month and a 3% soar on year.
Overnight, the evergreen buck was roughly intact versus a basket of key currencies because data disclosed that American labor demand was still firm, although revenues were capped as the British pound leapt to a twelve-month maximum reacting to bullish inflation data.
The US Labor Department's latest Job Openings and Labor Turnover Survey report, which is an indicator of labor demand, demonstrated that in July job openings improved to nearly 6.2m, surpassing expectations of 5.96m.
Canada will publish employment change and an unemployment rate on Friday, at 15:30 MT time.
USD/CHF and EUR/CHF rose to tactical highs. What's next?
Read the daily report to get the full market wrap!
The European Central Bank is holding a meeting on April 22 at 14:45 MT time. What to watch?
The Bank of Canada (BOC) will publish the rate statement and the update on the interest rate on April 21, at 17:00 MT time.