The Australian dollar weakened today, though the losses were limited. The Aussie was soft following the release of monetary policy minutes that mentioned probability of an interest rate cut in the future. The Reserve Bank of Australia released the minutes of its March policy meeting today. While the RBA members decided to keep interest rates unchanged during the gathering, they also thought that “further easing over the period ahead may be appropriate.” […]
Read moreThe Japanese yen gained after the Bank of Japan kept its monetary policy unchanged at today’s meeting, judging that no additional monetary stimulus is required. The vast majority of the BoJ Board members voted in favor of keeping interest rates near zero and the asset purchase program at ¥80 trillion. The central bank said that the economy “has continued its moderate recovery trend.” Inflation is expected to remain close to the zero […]
Read moreEuro is receiving near-term support today, thanks in part to yesterday’s stock market surge. However, even though the 19-nation currency is higher right now, the gains are expected to be short-lived as the ECB’s monetary policy continues to diverge from that of the Federal Reserve. Euro is gaining ground today, heading higher after a few sessions of losses. The 19-nation currency is rallying a bit on stock performances and better economic […]
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