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Day: June 10, 2015
June 102015
Aussies Ignores Negative Domestic Fundamentals, Still Falls vs. Yen
The Australian dollar gained against its US counterpart today even though news from Australia was not supportive for the currency at all. The Aussie, as well as its other major peers, fell against the Japanese yen. The WestpacâMelbourne Institute Index of Consumer Sentiment fell 6.9 percent in June from May after rising 6.4 percent a month ago. On top of that, Glenn Stevens, Governor of the Reserve Bank of Australia, suggested in today’s […]
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June 102015
Japanese Yen Soars After Kuroda’s Comments
The Japanese yen soared against the US dollar, climbing more than 1 percent, after the comments from central bank’s chief Haruhiko Kuroda. The yen performance against other currencies was not as impressive, though the Japanese currency still traded above the opening level. Kuroda said today that the yen is “very weak” and that it is hard to see the “real effective rate falling further.” As for discrepancy between […]
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June 102015
EUR/USD Demonstrates Fragile Rally
EUR/USD was swinging up and down today but stayed for the most part above the opening level. The euro was carried up by the surging yields for German bunds. Yet the rally looks fragile as the crisis in Greece darkens the mood of traders and makes it very likely for the shared 19-nation currency to reverse gains very soon. US crude oil inventories dropped by 6.8 million barrels last week, exceeding the expected decrease by 1.5 […]
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