Day: February 7, 2017

February 7
2017

New Zealand Dollar Surges on Inflation Expectations, Loses Gains Later

The New Zealand dollar surged intraday after the nation’s central bank released its inflation expectations, but the currency retreated later, trimming its gains against the euro and the Japanese yen, while losing them completely versus the US dollar. The Reserve Bank of New Zealand released its inflation expectations for the next two years. The report showed an increase of 1.9% compared to 1.7% in the previous reporting period. Now, traders wait for policy […]

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February 7
2017

Aussie Moves Higher After RBA Maintains Policy, Makes Hawkish Remarks

The Australian dollar rose against its most-traded counterparts today following yesterday’s drop after the Reserve Bank of Australia decided to leave its monetary policy unchanged. The RBA kept the key interest rate unchanged at 1.5%. Such decision was widely anticipated by analysts. The central bank was surprisingly optimistic in its statement about the global economy and the economy of Australia’s main trading partner, China, in particular: In China, growth was stronger […]

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February 7
2017

Aussie Moves Higher After RBA Maintains Policy, Makes Hawkish Remarks

The Australian dollar rose against its most-traded counterparts today following yesterday’s drop after the Reserve Bank of Australia decided to leave its monetary policy unchanged. The RBA kept the key interest rate unchanged at 1.5%. Such decision was widely anticipated by analysts. The central bank was surprisingly optimistic in its statement about the global economy and the economy of Australia’s main trading partner, China, in particular: In China, growth was stronger […]

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February 7
2017

Japanese Yen Finds Strength in Political Uncertainty

The Japanese yen gained on all of its major rivals on Monday and continued to exhibit strength against such currencies as the euro and the Swiss franc on Tuesday. Against the US dollar the yen halted its rally, while it actually pulled back versus the Great Britain pound. Political uncertainty is seen by market analysts as the main reason for the yen’s strength as investors were running to the safety of the Japanese currency. In Europe, quite a few elections are […]

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February 7
2017

Japanese Yen Finds Strength in Political Uncertainty

The Japanese yen gained on all of its major rivals on Monday and continued to exhibit strength against such currencies as the euro and the Swiss franc on Tuesday. Against the US dollar the yen halted its rally, while it actually pulled back versus the Great Britain pound. Political uncertainty is seen by market analysts as the main reason for the yen’s strength as investors were running to the safety of the Japanese currency. In Europe, quite a few elections are […]

Read more