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Day: October 12, 2016
October 122016
Japanese Yen Falls as Kuroda Talks About Easing Yet Again
The Japanese yen weakened today against the majority of its most-trade peers (with the exception of the euro) after Bank of Japan Governor Haruhiko Kuroda reiterated yet again that the central bank is ready to implement additional monetary easing if necessary. Kuroda continued to talk about his commitment to ease monetary policy further if BoJ members think that the economic situation warrants such move: We are prepared […]
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October 122016
Australian Dollar Climbs After Consumer Sentiment Report
The Australian dollar rallied today following the release of the positive consumer sentiment report that made interesting comments about probability of an interest rate cut from the Reserve Bank of Australia. The Westpac Melbourne Institute Index of Consumer Sentiment climbed by 1.1% in October. Westpacâs Chief Economist Bill Evans commented on chances for a rate cut, saying that, while “a significant number of commentators have been predicting a rate cut in November,” he does […]
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