Day: July 10, 2017

July 10
2017

British Pound Weakens Against US Dollar After Disappointing Week

The British pound today weakened against the US dollar during the early North American session as the greenback opened strongly against most of its peers. The British pound was on a downward trend during the late Asian session and early European session, before retracing some of its loses during the mid-European session. The British pound lost about 50 points against the US dollar at the height of its decline against the US dollar, but […]

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July 10
2017

British Pound Weakens Against US Dollar After Disappointing Week

The British pound today weakened against the US dollar during the early North American session as the greenback opened strongly against most of its peers. The British pound was on a downward trend during the late Asian session and early European session, before retracing some of its loses during the mid-European session. The British pound lost about 50 points against the US dollar at the height of its decline against the US dollar, but […]

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July 10
2017

Chinese Yuan Stable as CPI Misses Expectations

The Chinese yuan was stable today after nation’s inflation missed market expectations. The National Bureau of Statistics of China reported that the Consumer Price Index rose 1.5% year-on-year in June, the same as in the previous month and below the average forecast (1.6%). The miss was not big, though, and apparently markets were not bothered by it. The Producer Price Index rose 5.5% year-on-year in June, the same as in May as well and matching expectations exactly. […]

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July 10
2017

Chinese Yuan Stable as CPI Misses Expectations

The Chinese yuan was stable today after nation’s inflation missed market expectations. The National Bureau of Statistics of China reported that the Consumer Price Index rose 1.5% year-on-year in June, the same as in the previous month and below the average forecast (1.6%). The miss was not big, though, and apparently markets were not bothered by it. The Producer Price Index rose 5.5% year-on-year in June, the same as in May as well and matching expectations exactly. […]

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July 10
2017

Japanese Yen at Fresh Lows as Kuroda Reiterates Commitment to Stimulus

The Japanese yen fell today, touching fresh lows versus the US dollar and the euro, as Bank of Japan Governor Haruhiko Kuroda reiterated the pledge to keep monetary policy extremely accommodative. Kuroda reiterated today commitment to keep policy ultra-loose until inflation reaches the central bank’s target of 2%. Analysts said that the divergence between the BoJ dovish stance and more hawkish stance of other nations’ central banks may attract carry […]

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July 10
2017

Japanese Yen at Fresh Lows as Kuroda Reiterates Commitment to Stimulus

The Japanese yen fell today, touching fresh lows versus the US dollar and the euro, as Bank of Japan Governor Haruhiko Kuroda reiterated the pledge to keep monetary policy extremely accommodative. Kuroda reiterated today commitment to keep policy ultra-loose until inflation reaches the central bank’s target of 2%. Analysts said that the divergence between the BoJ dovish stance and more hawkish stance of other nations’ central banks may attract carry […]

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