- The euro (EUR) continued its bullish trend for a second consecutive day reaching as high as 1.2599 against the US dollar (USD) yesterday after the Federal Reserve Market Committee (FOMC) released the Meeting Minutes in public. The Fed is worrying about investors and the public losing their confidence in the ability of keeping the prices stable, resulting into a fall in inflation rates. Today the German and French Flash Manufacturing PMI will be announced with expectations at 51.5 and 48.9 respectively.
- The US dollar (USD) continued climbing against the Japanese yen (JPY) and is currently trading at 118.56 as the Prime Minister Shinzo Abe of Japan postponed a sales-tax hike, while started making plans for increasing fiscal stimulus measurement. The Governor of Bank of Japan (BOJ) Haruhiko Kuroda, spoke at the Press Conference that was held yesterday, putting the blame on Abe for the delay of the sales-tax hike. Today the US monthly CPI with expectations at -0.1%, while the US Philly Fed Manufacturing Index and the US Unemployment claims will be announced and are expected to be at 18.9 and 286K respectively.