Low inflation has been reported in the euro and Japan, and economic activity remains moderate due to the Covid-19 pandemic. The United Kingdom, Australia and Canada published weak employment data, and unemployment applications increased in the United States.
Dominance of the euro continues to struggle with low levels of inflation. In September, euro dominance inflation stood at -0. 3%, marking a time of consecutive decline. Kernel reading slowed to 0. 2%, from 0. 4% earlier. In Germany, CPI -0. 2%, the third consecutive fall. In France, inflation fell by 0. 5%.
Japan continues to face low inflation. The producer price index fell 0. 8% in September, marking the eighth consecutive decline.
In the UK, employment figures were mixed. Cesantía claims fell to 28. 1 thousand in September, well above the estimate of 78. 8 thousand. The unemployment rate in August rose from 4. 1% to 4. 5%. Wage expansion advanced to 0. 0%, after 3 successive falls.
The Australian lost floor after investors were treated with weak employment figures in Australia. The economy lost 29,500 jobs in September after 3 successive gains. In addition, the unemployment rate rose to 6. 9%, after 6. 8%.
Canada also a report on moderate employment, with ADP’s non-agricultural wage bill at -240. 8 thousand.
U. S. customer inflation But it’s not the first time It slowed down in September and inflation remained low. Stock and fundamental readings fell to 0. 2% from 0. 4% earlier. Unemployment applications rose to 898,000, the point in seven weeks.
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The AUD/USD pair is trying to recover from 0. 7057, about a minimum of three weeks, which appeared on Friday. The fall in US stimulus hopes is a drop in the economy. The Brexit agreement and worsening viral situations weigh on the overdue risks. , Minutes of RBA in the spotgentle in the middle of a smooth calendar elsewhere.
The EUR/USD trades about a maximum of 1,1793, preserving profits despite the threat aversion environment. No news is good news for the Union at a slow start to the week.
Gold is suffering recovery from $1,900. 67. Yellow steel controlled to applaud the weakness of the US dollar, before falling $1,918. 58 last day. Second level data, threat points to entertain bullion traders.
The US dollar tailed down against the maximum primary currencies on Monday, as the deadline for the new stimulus approaches.
West Texas Intermediate crude rose on Monday and had traveled between a range of $ 40. 59 and $ 41. 21 earlier in the New York session.
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