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Day: October 28, 2015
October 282015
Australian Dollar Falls as Consumer Inflation Misses Expectations
The Australian dollar dipped 1.2 percent against the US dollar and the Japanese yen during the Wednesday’s trading session as Australia’s consumer inflation trailed economists’ forecasts. The Australian Bureau of Statistics reported that Consumer Price Index rose 0.5 percent in the September quarter from the June quarter. Analysts had predicted inflation to stay at the same 0.7 percent level as in the previous reporting period. Excluding the most volatile components, the CPI rose 0.3 […]
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October 282015
Swedish Krona Dips After Riksbank Announcement, Bounces Later
Sweden’s central bank decided at today’s meeting to leave its interest rates unchanged but to expand the size of the asset purchase program. The Swedish krona dipped initially after the announcement but bounced as of now. The Riksbank left its main interest rate at -0.35 percent. Yet policy makers still expanded monetary stimulus by extending the size of asset purchases, announcing: Overall, the Executive Board’s assessment is that monetary policy needs […]
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October 282015
Loonie Continues to Fall in Tandem with Crude Oil
The Canadian dollar slumped on Tuesday as prices for crude oil continued to struggle. Economic data from Canada’s neighbor, the United States, also was not helping the currency much. Crude oil continues to struggle due to the threat of oversupply. The Canadian currency, being tied to the performance of the commodity, suffered as a result. US macroeconomic data also had its negative impact on the loonie as most of Tuesday’s reports were lackluster. Poor data from the USA […]
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