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On Friday, the evergreen buck was sticking to 15-month minimums versus other key currencies because last session’s dismal American service sector data kept weighing and traders waited for the publication of a major American employment report.
The currency pair EUR/USD ascended 0.12% being worth 1.1884, trading close to Wednesday’s 32-month maximum of 1.1911.
The American currency was under pressure after on Thursday the Institute for Supply Management told that its index of non-manufacturing activity went down to 53.9 from June’s reading of 57.4. Experts had hoped for an outcome of 57.0.
According to a separate report, the previous week American initial jobless claims went down by 5,000 slumping to 240,000 versus expectations for a 3,000 sag to 242,000.
Market participants are currently waiting for the nonfarm payrolls data for July in order to assess whether the American economy is sturdy enough for the US main financial institution to proceed with its planned tightening path.
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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