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Day: November 4, 2016
November 42016
Bad News Makes Turkish Lira Unappealing for Investors
The Turkish lira sank today after the series of bad news made the currency look very unappealing to investors. Turkey arrested the leaders of the pro-Kurdish opposition People’s Democracy party. This news is likely to increase tensions among Kurds and lead to more violence. And indeed, hours after the detention a car bomb exploded, killing eight people and injuring more than hundred, though at the present time it is hard to tell whether […]
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November 42016
Australian Dollar Little Changed After Retail Sales & RBA
The Australian dollar was little changed after the release of the better-than-expected retail sales figure and the monetary policy statement from the Reserve Bank of Australia. Retail sales rose 0.6% in September from August. The increase was bigger than the predicted 0.4% and the August’s revised gain of 0.5%. The RBA left its monetary policy unchanged earlier this week and said in today’s statement that “at its recent meetings the Board judged that there […]
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November 42016
Australian Dollar Little Changed After Retail Sales & RBA
The Australian dollar was little changed after the release of the better-than-expected retail sales figure and the monetary policy statement from the Reserve Bank of Australia. Retail sales rose 0.6% in September from August. The increase was bigger than the predicted 0.4% and the August’s revised gain of 0.5%. The RBA left its monetary policy unchanged earlier this week and said in today’s statement that “at its recent meetings the Board judged that there […]
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