Reportedly, the ECB is analyzing the possibility of the change of the current inflation target of "below but close to 2%". It weakened the EUR
Greenback trades below 12-week maximum against yen as North Korea fears revive
On Monday, the evergreen buck stood still versus the Japanese yen, having rebounded from 12-week maximums reached the previous week. It’s because renewed focus on geopolitical risks amid worries that North Korea might be preparing another missile launch.
North Korea is believed to be preparing another long-range missile test. The given missile is supposed to be capable of reaching the west coast of America.
The newly-revived focus on geopolitical tensions definitely helped to lend support to the safe haven Japanese yen, and also brought the greenback down from its post-US jobs data peaks.
On Friday, the evergreen buck was already in retreat because of profit-taking, when the North Korea-related shocking headlines reached financial markets, exacerbating the US currency’s dip.
The greenback hit 112.56 yen, standing still on the day. As for Friday, that day the US currency had hit a maximum of 113.44 yen, which is the highest outcome since July 14.
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 Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…