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 with American tax overhaul in focus
On Wednesday, the evergreen buck didn’t change versus other key rivals amid fresh worries over an approaching US tax overhaul.
The US currency was affected by reports that a major corporate tax cut currently under discussion in American tax reforms plans could be postponed for a year.
On Tuesday, the Washington Post informed that Senate Republican leaders are actually considering postponing the implementation of the key corporate tax cut for the purpose of complying with Senate rules.
The greenback had been backed during the recent trading session by expectations that the US administration's tax cuts could spur the American economy.
The US dollar index, traditionally assessing the greenback’s value against a basket of six crucial currencies, didn’t change sticking to 94.77.
The currency pair USD/JPY slid 0.16% trading at 113.82, drifting away from Monday's eight-month maximum of 114.73.
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…