During today's press conference, the ECB president said that the data was "somewhat" better than the expectations in the first quarter. T
Yen dips in Asia after shocking GDP gains
On Monday, the Japanese yen sagged in Asia after better that expected GDP led market participants to back off on recent revenues because tensions on the Korean peninsula are still monitored and after China data demonstrated some weakness.
China’s fixed-asset investment edged up 8.3%, versus a 8.6% profit observed in July on year along with industrial output that gained 6.4%, missing a 7.2% revenue observed, while retail sales inched up 10.4%, versus a 10.8% profit observed.
Japan's second quarter showed a sudden 4..0% surge on year because investment in plant as well as equipment raised market sentiment for the sixth straight quarter of expansion, as official data issued on Monday revealed for the fastest tempo of surge since January-March 2015.
The currency pair USD/JPY hit 109.36, soaring 0.16% after the report.
New Zealand posted its retail sales leapt 2% during the second quarter, far surpassing a 0.7% leap observed.
The currency pair NZD/USD reached 0.7311, sliding 0.11%.
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…