Day: July 24, 2018

July 24
2018

Great Britain Pound Demonstrates Strength amid Uncertain Fundamentals

The Great Britain pound was rather strong today, which is surprising considering all the uncertainty surrounding the Brexit, Britain’s economic health, and the Bank of England monetary policy. Yesterday, BoE Deputy Governor Ben Broadbent said after his speech about “The history and future of QE” that he has not yet decided how to vote at the August policy meeting. That added to uncertainty surrounding the next month’s BoE policy […]

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July 24
2018

Great Britain Pound Demonstrates Strength amid Uncertain Fundamentals

The Great Britain pound was rather strong today, which is surprising considering all the uncertainty surrounding the Brexit, Britain’s economic health, and the Bank of England monetary policy. Yesterday, BoE Deputy Governor Ben Broadbent said after his speech about “The history and future of QE” that he has not yet decided how to vote at the August policy meeting. That added to uncertainty surrounding the next month’s BoE policy […]

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July 24
2018

Japanese Yen Extends Rally, Ignoring Domestic Data

The Japanese yen rose today, retaining its place as one of the strongest currencies on the Forex market, despite underwhelming domestic data. That was not particularly surprising, though, as the currency often ignores domestic data in favor of other fundamentals. The Nikkei Flash Japan Manufacturing Purchasing Managers’ Index fell from 53.0 in June to 51.6 in July, whereas analysts had predicted a small increase to 53.2. Annual consumer inflation reported by the Bank […]

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July 24
2018

Japanese Yen Extends Rally, Ignoring Domestic Data

The Japanese yen rose today, retaining its place as one of the strongest currencies on the Forex market, despite underwhelming domestic data. That was not particularly surprising, though, as the currency often ignores domestic data in favor of other fundamentals. The Nikkei Flash Japan Manufacturing Purchasing Managers’ Index fell from 53.0 in June to 51.6 in July, whereas analysts had predicted a small increase to 53.2. Annual consumer inflation reported by the Bank […]

Read more
July 24
2018

US Dollar Gains After Massive Debt Selloff, Economic Data

The US dollar rallied against most other major currencies on Monday, rebounding from last week’s disappointing performance. The jump in the greenback occurred following several key economic reports and a massive selloff in US government debt holdings. It was reported that the Bank of Japan (BOJ) is considering adopting changes to its trademark yield curve control policies, leading investors to sell their US and Japanese government bonds. The trend […]

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July 24
2018

US Dollar Gains After Massive Debt Selloff, Economic Data

The US dollar rallied against most other major currencies on Monday, rebounding from last week’s disappointing performance. The jump in the greenback occurred following several key economic reports and a massive selloff in US government debt holdings. It was reported that the Bank of Japan (BOJ) is considering adopting changes to its trademark yield curve control policies, leading investors to sell their US and Japanese government bonds. The trend […]

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