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Day: March 15, 2016
March 152016
Aussie Falls After RBA Minutes Suggest Possibility of Interest Rate Cut
The Australian dollar fell today after the Reserve Bank of Australia released minutes of its latest monetary policy meeting. The notes suggested possibility of an interest rate cut. The RBA released minutes of its March 1st meeting where the central bank left monetary policy unchanged. Members of the Board had a lengthy discussion of the global economic slowdown and its possible impact on Australia. The discussion concluded with a suggestion of a possible reduction of interest rates […]
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March 152016
Yen Rallies After BoJ Makes No Move
The Japanese yen rallied today as the Bank of Japan decided to keep its monetary policy unchanged, a decision that had been widely anticipated. The BoJ made no surprise keeping its monetary policy stable during today’s meeting. The central bank noted in the statement a possibility of additional monetary easing, saying that it would “take additional easing measures in terms of three dimensions — quantity, quality, and the interest rate — if it […]
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March 152016
Sterling Falls With Stocks
UK pound is losing ground today as global stocks drop. Concerns about the UK economy also continue to weigh on the sterling. Global stock markets continue to fall today, and that is having a negative impact on the UK pound. Sterling is often affected by the performance of the stock market. It is no surprise that with global stocks struggling the UK pound the following suit. Falling stocks are especially influential […]
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