Germany Markit Services PMI registered at 53 above expectations (52.9) in May

FXStreet.com (Barcelona)

Jun 3, 2015

Stronger Australian GDP report dampens expectations for looser RBA policy – BTMU

The 2.3% annual GDP growth print in Australia has dampened expectations for further rate cuts by the RBA in the near-term, according to Lee Hardman, Currency Analyst at Bank of Tokyo-Mitsubishi UFJ.

USD/JPY rises above 124.00

The USD/JPY pair rose above 124.00 levels in the early European session on Wednesday as the European desks seem to prefer holding dollars ahead of the monthly ADP employment report in the US.