During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Greenback stands still above one-week minimum
On Friday, the evergreen buck was intact against a basket of key currencies because focus shifted to American jobs data. Meanwhile, Donald Trump chose Fed Governor Jerome Powell to head the major US financial institution. The given decision didn’t appear to be unexpected for market participants.
On Thursday, Trump tapped Powell to lead the Fed, rejecting the second term for Janet Yellen, but nevertheless hinting at a continuation of her quite cautious monetary policy.
The US President’s decision turned to be in line with what traders had been actually expecting, and the US currency demonstrated quite limited reaction after the news.
The dollar index last kept to0 94.696, having grown from a one-week minimum of 94.411 hit on Thursday.
On Thursday, the evergreen buck had gone down after Republicans of the House of Representatives rolled out proposals to overhaul the tax code.
Against the Japanese yen, the greenback slid 0.1% being worth 113.94 yen, sliding below a 3-1/2 month maximum of 114.45 yen set last Friday. As for the common currency, it stood still at $1.1659.
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…