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Day: August 3, 2017
August 32017
Czech Koruna Advances After First Interest Rate Hike in Almost a Decade
The Czech koruna advanced against the US dollar today after the central bank decided to hike its key two-week repo rate. The Czech National Bank raised its main interest rate by 20 basis points to 0.25% and the Lombard rate by 25 basis points to 0.50%, while keeping the discount rate unchanged at 0.05%. Such decision was expected by some analysts. It the first change in borrowing costs since November 2012 […]
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August 32017
Australian Dollar Falls Along with Trade Surplus
The Australian dollar dropped today as the trade balance turned out to be worse than economists expected. The improving services industry did not help the currency. Australia’s trade surplus shrank from A$2.02 billion in May to A$0.86 billion in June on a seasonally adjusted basis. The actual value was far below A$1.78 billion predicted by analysts. Meanwhile, the Australian Industry Group Australian Performance of Services Index climbed from 54.8 in June […]
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August 32017
Australian Dollar Falls Along with Trade Surplus
The Australian dollar dropped today as the trade balance turned out to be worse than economists expected. The improving services industry did not help the currency. Australia’s trade surplus shrank from A$2.02 billion in May to A$0.86 billion in June on a seasonally adjusted basis. The actual value was far below A$1.78 billion predicted by analysts. Meanwhile, the Australian Industry Group Australian Performance of Services Index climbed from 54.8 in June […]
Read more