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Day: September 28, 2017
September 282017
Japanese Yen Stable After Announcement of Snap Election
The Japanese yen was stable today despite the announcement of a snap election in October. According to reports, Prime Minister Shinzo Abe dissolved the parliament, announcing a snap election on October 22. He hopes to capitalize on rising approval rating, caused by his response to the North Korean threat. But the Party of Hope, newly created by Tokyo Governor Yuriko Koike, can pose serious challenge for Abe’s plans for securing power. USD/JPY traded at 112.72 […]
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September 282017
NZ Dollar Fails to Hold Gains After RBNZ Policy Meeting
The New Zealand dollar attempted to rally during the Asian trading session but failed to hold onto gains and is trading near the opening level as of now. The Reserve Bank of New Zealand held a policy meeting at the end of the previous trading session. As was widely expected, the central bank left its main interest rate unchanged at 1.75%. The RBNZ said in the statement that “growth is projected to maintain its current pace going […]
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September 282017
NZ Dollar Fails to Hold Gains After RBNZ Policy Meeting
The New Zealand dollar attempted to rally during the Asian trading session but failed to hold onto gains and is trading near the opening level as of now. The Reserve Bank of New Zealand held a policy meeting at the end of the previous trading session. As was widely expected, the central bank left its main interest rate unchanged at 1.75%. The RBNZ said in the statement that “growth is projected to maintain its current pace going […]
Read more