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Day: April 10, 2017
April 102017
Czech Koruna Continues to Appreciate After Cap Removal
The Czech koruna continued to appreciate after the nation’s central bank had removed a cap on the currency last week. It is no surprise to see the volatility of the koruna to increase after the Czech National Bank scrapped the ceiling of CZK27 per euro even though the decision was much better communicated to markets and was far less shocking than the similar move by the Swiss National Bank. Analysts expect the currency to continue appreciation, but […]
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April 102017
Aussie Starts Week Soft in Risk-Off Environment
The Australian dollar started the week soft, opening below the Friday’s close, as the risk-off sentiment continued to prevail on markets, driving investors away from riskier assets. Geopolitical tensions rise all around the world: in Asia with North Korean missile tests, in Middle East with the US attack on a Syrian base, in Europe with the upcoming French elections, and in America with concerns about the ability of US President Donald Trump to deliver on his […]
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April 102017
Aussie Starts Week Soft in Risk-Off Environment
The Australian dollar started the week soft, opening below the Friday’s close, as the risk-off sentiment continued to prevail on markets, driving investors away from riskier assets. Geopolitical tensions rise all around the world: in Asia with North Korean missile tests, in Middle East with the US attack on a Syrian base, in Europe with the upcoming French elections, and in America with concerns about the ability of US President Donald Trump to deliver on his […]
Read more