The New Zealand dollar fell versus its most-traded peers, with the exception of the extremely weak Japanese yen, after underwhelming macroeconomic releases in New Zealand as well as in New Zealand’s major trading partner — China. Statistics New Zealand reported that building consents fell 7.6% in June following the 6.9% rise in May. ANZ Business Confidence dropped from -39.0 in June to -44.9 in July. The report said: Headline business confidence […]
Read moreThe New Zealand dollar fell versus its most-traded peers, with the exception of the extremely weak Japanese yen, after underwhelming macroeconomic releases in New Zealand as well as in New Zealand’s major trading partner — China. Statistics New Zealand reported that building consents fell 7.6% in June following the 6.9% rise in May. ANZ Business Confidence dropped from -39.0 in June to -44.9 in July. The report said: Headline business confidence […]
Read moreThe Japanese yen fell against all of its major rivals today. While domestic macroeconomic data was certainly unhelpful, the biggest reason for the drop was the uneventful Bank of Japan policy meeting. The BoJ left its monetary policy largely unchanged, keeping the main interest rate at -0.1%. The central bank introduced forward guidance for policy rates, saying: The Bank intends to maintain the current extremely low levels of short- and long-term interest […]
Read moreThe Japanese yen fell against all of its major rivals today. While domestic macroeconomic data was certainly unhelpful, the biggest reason for the drop was the uneventful Bank of Japan policy meeting. The BoJ left its monetary policy largely unchanged, keeping the main interest rate at -0.1%. The central bank introduced forward guidance for policy rates, saying: The Bank intends to maintain the current extremely low levels of short- and long-term interest […]
Read more