Thursday ended with the EUR/USD being high above of local resistance of 1.10. What's the target now?
Yen heads south as BOJ keeps asset buys steady
On Friday, the Japanese yen stayed weaker after the Bank of Japan held monetary policy intact as expected, including the tempo of asset purchases at ¥80 trillion every year.
The currency pair USD/JPY showed 11.16, soaring 0.21%, while AUD/USD hit 0.7596, soaring 0.21%. The currency pair GBP/USD went up 0.15%, being worth 1.2776.
The US dollar index, assessing the greenback’s value versus six crucial currencies, lost 0.02%, being worth 97.48.
Overnight, the greenback remained close to two-week peaks versus a basket of key currencies, underpinned by upbeat economic data, raising sentiment on the prospect of stronger American economic surge.
The British pound turned to be one of the few currencies, which shrugged of a soar in the greenback, with GBP/USD, leaping as the BoE kept rates intact, though stoked hopes of a future rate lift, disclosing that a soaring number of its members appreciated higher rates.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.