Evergreen buck pares back profits after inflation data
On Wednesday, the major US currency managed to pare back earlier profits…
Yen stands still as busy regional data flow noted
On Friday, the Japanese yen stood still after early revenues, following mixed data on jobs, household spending as well as prices with China manufacturing output coming in on the upside.
The currency pair USD/JPY hit 111.94, jumping 0.01%, AUD/USD reached 0.7647, going up 0.08%. As for GBP/USD, this currency pair added 0.18%, showing 1.2492.
China's semi-official manufacturing PMI inched up to 51.8, as the China Federation of Logistics & Purchasing informed on Friday. The given outcome ruined the expected 51.6 reading.
A bit earlier in Japan, February’s household spending decreased 3.8% year-on-year, compared to a 1.7% decrease observed. However, on a monthly basis it headed north 2.5%, exceeding the expected 0.4% gain.
Separately, for February national core CPI dipped 0.2% year-on-year just as expected. As for unemployment it tumbled from 3% to 2.8%. Additionally, in February, provisional industrial output leapt 2% month-on-month, surpassing the expected 1.2% soar.
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