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Day: May 5, 2017
May 52017
Australian Dollar Follows Crude Oil in Volatile Trading
The current trading session was very volatile for crude oil, and commodity currencies like the Australian and the Canadian dollars (though not the New Zealand dollar) were following moves of oil prices. Prices for crude tumbled intraday, dragging the Aussie and the loonie along with them. As of now, crude stabilized, therefore the currencies have managed to trim losses. The Reserve Bank of Australia released its Monetary Policy Statement today, which provided no […]
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May 52017
New Zealand Dollar Avoids Drop Thanks to Inflation Expectations
The New Zealand dollar rose today, avoiding the slump that other commodity currencies suffered due to the drop of crude oil prices. Domestic macroeconomic data likely helped the kiwi. The Reserve Bank of New Zealand upgraded its inflation expectations for the annual Consumer Price Index growth in two years from now, increasing them from 1.92% to 2.17%. The expected growth remains in the central bank’s target range, meaning that there […]
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May 52017
New Zealand Dollar Avoids Drop Thanks to Inflation Expectations
The New Zealand dollar rose today, avoiding the slump that other commodity currencies suffered due to the drop of crude oil prices. Domestic macroeconomic data likely helped the kiwi. The Reserve Bank of New Zealand upgraded its inflation expectations for the annual Consumer Price Index growth in two years from now, increasing them from 1.92% to 2.17%. The expected growth remains in the central bank’s target range, meaning that there […]
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