Day: August 2, 2018

August 2
2018

Widening Trade Surplus Does Not Prevent Aussie’s Drop

Australia’s trade balance increased more than was expected, but that did not prevent the Australian dollar from falling. The likely reason for the currency’s drop was the risk-negative sentiment on the Forex market. The Australian Bureau of Statistics reported that the trade surplus widened to A$1.87 billion in June (seasonally adjusted) from the negatively revised A$0.73 billion in May. Experts were anticipating a much smaller increase to just A$0.91 billion. Yet […]

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August 2
2018

Widening Trade Surplus Does Not Prevent Aussie’s Drop

Australia’s trade balance increased more than was expected, but that did not prevent the Australian dollar from falling. The likely reason for the currency’s drop was the risk-negative sentiment on the Forex market. The Australian Bureau of Statistics reported that the trade surplus widened to A$1.87 billion in June (seasonally adjusted) from the negatively revised A$0.73 billion in May. Experts were anticipating a much smaller increase to just A$0.91 billion. Yet […]

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August 2
2018

Japanese Yen Rallies As US-China Trade Conflict Heats Up

The Japanese yen rallied today as US-China trade tensions suddenly flared up, driving market participants to seek safety. Risk aversion on the Forex market heightened after the news that the United States were considering additional tariffs on Chinese goods. The yen traditionally thrives in risk-negative environment. Tomorrow, the Bank of Japan will release a policy meeting minutes, but they will be for the June meeting, not the latest one, therefore will […]

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August 2
2018

Japanese Yen Rallies As US-China Trade Conflict Heats Up

The Japanese yen rallied today as US-China trade tensions suddenly flared up, driving market participants to seek safety. Risk aversion on the Forex market heightened after the news that the United States were considering additional tariffs on Chinese goods. The yen traditionally thrives in risk-negative environment. Tomorrow, the Bank of Japan will release a policy meeting minutes, but they will be for the June meeting, not the latest one, therefore will […]

Read more