The EUR/JPY pair trades 0.5% lower near 162.00 during European trading hours on Thursday. Investors brace for more weakness in the pair as preliminary Eurozone HCOB Purchasing Managers’ Index (PMI) data has surprisingly declined in May.
The AUD/USD pair moves higher to near 0.6460 during European trading hours on Wednesday. The Aussie pair gains as the US Dollar (USD) continues to underperform its peers on the back of the United States (US) Sovereign Credit rating erosion.
European Central Bank (ECB) policymaker Martins Kazaks said on Wednesday, “the ECB will soon reach terminal rate if baseline holds.”