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Day: October 17, 2017
October 172017
NZ Dollar Edges Up After Inflation Accelerates Beyond Expectations
The New Zealand dollar traded a little bit higher against some of its rivals, like the US dollar, while against others, like the euro, it demonstrated more significant gains. One of the possible reasons for the rally was higher-than-expected inflation. The Consumer Price Index rose 0.5% (0.3% with adjustments for seasonal variations) in the September quarter from the previous three months. That was faster growth than 0.4% predicted by specialists, […]
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October 172017
Aussie Mixed After RBA Minutes Show No Plans for Rate Hike
The Australian dollar was little changed against some of its most-traded rivals, like the US dollar and the Japanese yen, while gained against others, like the euro and the Swiss franc, during the current trading session. The Reserve Bank of Australia released minutes of its October meeting today. The notes revealed nothing new, showing a relatively optimistic picture of the Australian economy but noting elevated levels of household debt and signaling no plans […]
Read more
October 172017
Aussie Mixed After RBA Minutes Show No Plans for Rate Hike
The Australian dollar was little changed against some of its most-traded rivals, like the US dollar and the Japanese yen, while gained against others, like the euro and the Swiss franc, during the current trading session. The Reserve Bank of Australia released minutes of its October meeting today. The notes revealed nothing new, showing a relatively optimistic picture of the Australian economy but noting elevated levels of household debt and signaling no plans […]
Read more