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Day: May 27, 2016
May 272016
Aussie Falls amid Detrimental Fundamentals
The Australian dollar fell today as fundamentals were not helpful to riskier currencies linked to commodities and economic growth. One of the likely reasons for the drop was the fact that crude oil was unable to stay above the $50 level. Another one was the outlook for an interest rate hike this summer. Comments from Fed Chairwoman Janet Yellen supported prospects for a hike in the near future. AUD/USD dropped from 0.7222 to 0.7183 as of 17:57 […]
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May 272016
Yen Stable Despite Data from Japan
The performance of Japanese yen was fairly decent today even though inflation data released from Japan was rather poor. Japan’s underlying inflation was down 0.3% in April, the same as in March. Tokyo’s core Consumer Price Index fell 0.5% in May, demonstrating a faster rate of decline than 0.4% forecast by analysts and the previous month’s 0.3%. The data suggests that that Japanese policy makers are failing in their […]
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