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Day: July 4, 2017
July 42017
Swedish Krona Stable After Drop on Riksbank Statement
The Swedish krona was stable during the early Wednesday’s session after falling during the Tuesday’s session. The drop was caused by somewhat dovish policy statement from Sweden’s central bank. The Riksbank kept its benchmark interest rate at -0.5% at the Tuesday’s meeting. The central bank signaled that an interest rate hike is unlikely in about a year: The first rate increase is not expected to be made until the middle of 2018, […]
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July 42017
Swedish Krona Stable After Drop on Riksbank Statement
The Swedish krona was stable during the early Wednesday’s session after falling during the Tuesday’s session. The drop was caused by somewhat dovish policy statement from Sweden’s central bank. The Riksbank kept its benchmark interest rate at -0.5% at the Tuesday’s meeting. The central bank signaled that an interest rate hike is unlikely in about a year: The first rate increase is not expected to be made until the middle of 2018, […]
Read more
July 42017
Japanese Yen Gains After North Korea Performs Another Missile Test
The Japanese yen rallied against its major peers today after North Korea performed yet another missile launch test. It looks like markets have calmed by now as the currency trimmed its gains. North Korea claimed that is has performed its first successful test of an intercontinental ballistic missile. The news caused concerns among the country’s neighbors and even led to speculations that North Korea may […]
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July 42017
Japanese Yen Gains After North Korea Performs Another Missile Test
The Japanese yen rallied against its major peers today after North Korea performed yet another missile launch test. It looks like markets have calmed by now as the currency trimmed its gains. North Korea claimed that is has performed its first successful test of an intercontinental ballistic missile. The news caused concerns among the country’s neighbors and even led to speculations that North Korea may […]
Read more
July 42017
Aussie Drops After RBA Statement, Ignores Strong Retail Sales
The Australian dollar fell against its most-traded counterparts after the Reserve Bank of Australia released its monetary policy statement today. Better-than-expected retail sales data was unable to help the currency. The RBA kept its key interest rate at 1.5% at today’s policy meeting. While such decision was widely expected by market participants, they were disappointed that Australia’s central bank did not join other central […]
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July 42017
Aussie Drops After RBA Statement, Ignores Strong Retail Sales
The Australian dollar fell against its most-traded counterparts after the Reserve Bank of Australia released its monetary policy statement today. Better-than-expected retail sales data was unable to help the currency. The RBA kept its key interest rate at 1.5% at today’s policy meeting. While such decision was widely expected by market participants, they were disappointed that Australia’s central bank did not join other central […]
Read more