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Day: July 5, 2016
July 52016
Positive Data Fails to Buoy New Zealand Dollar
The New Zealand dollar dropped today, finding little help from domestic macroeconomic indicators that were pretty good. It is important to note that most reports for June or earlier months did not have time to react to the Brexit, therefore the picture they paint is likely to be outdated. The New Zealand dollar followed its Australian counterpart in decline even though New Zealand reports were good, […]
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July 52016
Australian Dollar Falls After RBA Meeting
The Australian dollar fell today even though the nation’s central bank refrained from cutting interest rates. Worse-than-expected domestic data might be one of the reasons for the currency’s drop. The Reserve Bank of Australia decided to keep monetary policy the same but said that it may change its stance depending “further information”, including the impact of the Brexit on the global economy. As for economic data, retail sales grew 0.2% in May, failing […]
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