On ECB Conjecture, The Euro Resumes Its Climb Toward Its 17-Month Peak
After a two-day slump in gains, the euro increased against the dollar in European trade, touching 17-month highs due to expectations for the ECB’s meeting next week. According to some observers, the European Central Bank will continue to fight EuroZone inflation and continue raising interest rates. Following a string of dismal US statistics, the dollar […]
Aussie Soars With The Surprise Of Jobs
The Australian dollar soared after the nation’s employment figures were significantly above market expectations. According to data released on Thursday, Australian employment easily outperformed projections for the second consecutive month in June. Net employment increased by 32,600 from May, above market expectations of a 15,000 increase. In a sign of labor market resiliency that could […]