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Day: September 5, 2016
September 52016
Yen Jumps After Kuroda Speaks
The Japanese yen gained against its major rivals during the Monday’s trading session following the speech from Haruhiko Kuroda, Bank of Japan Governor. Kuroda signaled that BoJ is ready to continue monetary easing in order to achieve its inflation target: I would add that the “benefits” of achieving the price stability target of 2 percent at the earliest possible time are enormous as Japan’s economy is finally overcoming deflation that […]
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September 52016
Pound Higher vs. Dollar on UK Services PMI, Fails to Beat Yen
The Great Britain pound rallied against the US dollar for the fourth straight trading session, reaching the highest level in month and a half, after the UK services sector demonstrated a strong bounce last month. The currency was mostly higher against other majors as well but fell versus the Japanese yen, ending its four-day streak of gains. The seasonally adjusted Markit/CIPS UK Services Business Activity Index climbed from 47.4 in July […]
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