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Day: November 9, 2017
November 92017
Aussie Flat-to-Lower After Australian & Chinese Reports
The Australian dollar traded flat-to-lower today, the same as its New Zealand counterpart, even though macroeconomic reports from China, Australia’s biggest trading partner, were good. Domestic economic data was not so good, though. The National Bureau of Statistics of China reported that the Consumer Price Index rose 1.9% in October from a year ago. It was a bigger increase than 1.6% registered in the prior month and 1.8% […]
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November 92017
NZ Dollar Soft Following RBNZ Policy Decision
The New Zealand dollar was flat-to-lower today following yesterday’s policy decision announced by the Reserve Bank of New Zealand. The RBNZ left key interest rate unchanged at 1.75% as was widely expected. The central bank had mixed outlook for the domestic economy, saying: Global economic growth continues to improve, although inflation and wage outcomes remain subdued The bank was not concerned about the exchange rate: The exchange rate has eased […]
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November 92017
NZ Dollar Soft Following RBNZ Policy Decision
The New Zealand dollar was flat-to-lower today following yesterday’s policy decision announced by the Reserve Bank of New Zealand. The RBNZ left key interest rate unchanged at 1.75% as was widely expected. The central bank had mixed outlook for the domestic economy, saying: Global economic growth continues to improve, although inflation and wage outcomes remain subdued The bank was not concerned about the exchange rate: The exchange rate has eased […]
Read more