CANBERA (dpa-AFX) - The euro declined against its major counterparts in the European session on Friday, as risk sentiment dampened ahead of U.S. nonfarm payrolls data for May, which could give
CANBERA (dpa-AFX) - The Japanese yen climbed against its major counterparts in the Asian session on Friday amid safe-haven status, as strong U.S. economic data intensified expectations of the likelihood
Japanese Yen Weakens Amid Rising Risk Appetite
CANBERA (dpa-AFX) - The Japanese yen slipped against its major counterparts in the Asian session on Friday, as Asian markets followed Wall Street higher after a survey showed China s services sector expanded at the sharpest pace in four months in April.
The Caixin China services purchasing managers index climbed to 56.3 from 54.3 in March. Separately, official data showed that China s exports and imports grew faster than expected in April.
Investors await the release of U.S. jobs data due out later in the day for more insights into the strength of the global recovery.
Euro Climbs As ECB Kazaks Hints At Reduction In Pace Of Bond Buying
CANBERA (dpa-AFX) - Comments from European Central Bank Governing Council member Martins Kazaks that the central bank is likely to scale back the pace of its emergency bond buying program in June lifted the euro in the European session on Friday. If financial conditions remain favorable, in June we can decide to buy less, Kazaks, who also heads Latvia s central bank, said in an interview on Thursday. Flexibility is at the very core of PEPP.
Kazak added that the central bank cannot react to all increases in market rates.
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