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Day: July 5, 2017
July 52017
Yen Retreats as Risk Aversion Caused by North Korea Subsides
The Japanese yen retreated versus its major peers after yesterday’s rally caused by a North Korean missile test. The United States confirmed that the North Korean missile was indeed intercontinental. Moreover, the it can carry a nuclear warhead. The USA and South Korea conducted an emergency missile drill in a response. Yet the yen did not react to the news, and analysts speculated that markets got used to North Korean missile tests, […]
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July 52017
Canadian Dollar Stable After Tuesday’s Rally
The Canadian dollar was stable against its US counterpart and retreated a bit versus other most-traded currencies on Wednesday after rallying on Tuesday. Bank of Canada Governor Stephen Poloz signaled in an interview to the German newspaper Handelsblatt that the BoC is indeed considering raising interest rates. In the response to the question about an interest rate hike, he said: As our senior deputy governor said a week ago, when […]
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July 52017
Canadian Dollar Stable After Tuesday’s Rally
The Canadian dollar was stable against its US counterpart and retreated a bit versus other most-traded currencies on Wednesday after rallying on Tuesday. Bank of Canada Governor Stephen Poloz signaled in an interview to the German newspaper Handelsblatt that the BoC is indeed considering raising interest rates. In the response to the question about an interest rate hike, he said: As our senior deputy governor said a week ago, when […]
Read more