The pair EUR/USD had increased amid the ECB inflation forecast revision for 2015. However it slightly fell by the end of the day.
On the contrary, the pair GBP/USD had decreased by the end of the day after the service sector PMI index weak data release when the pair fell to the lowest level this year that confirms the UK low economic growth. The pair fell after a strong growth. There was published the GDP growth forecast in the second quarter to the level of 0.7% according to the Bank of England last meeting minutes. The data about the managers’ mood in the manufacturing and non-manufacturing sectors indicate that this indicator will be below the forecast level. It should also be noted that the Brent crude lost more than 2% amid the negative expectations for the OPEC summit.
The pair USD/JPY had increased amid the risky assets demand. The carry trade transactions again put pressure on the Japanese yen. The yen devaluation has a positive impact on Japanese exporters - in April industrial production increased by 1% while in May the manufacturing PMI rose above 50%.
The US initial jobless claims showed positive release. The May index fell to 8000 to 276 000. The forecast growth was 279,000.Publication source