Australia’s Currency Surged After Election Win
Australia’s currency reached its highest rise after a shock election win. Click here for more information! – Wibest Broker
Central bank
Sterling’s Gleam Fail on Brexit Continued Ambiguity
UK Currency – In a news report, last month, after highlighting an extended struggling economy, uncertainty surrounded Britain’s departure from the European Union, outlook of Sterling lost some of its shimmer. After surprising much of the world, Britain leaving the European Union after nearly three years is still unclear how when or even if it …
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Aussie Surges, Euro Recovers with China’s Economy
CURRENCY PAIRS – After data showed steady Chinese economic growth in the first quarter, the Aussie shot to a two-month peak on Wednesday, helping it shake off earlier losses. From the previous $0.7206, the Aussie was 0.2 percent higher at $0.7190, its strongest since Feb. 21. A four-month peak of 80.71 was also touched by the …
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Forex Markets: Dollar Gains on Kiwi Drop
FOREX MARKETS – The dollar strengthened while the Aussie and kiwi weakened on Wednesday after news said that the Reserve Bank of New Zealand announced future monetary policy easing. The US dollar index, which is an indicator of the dollar’s strength against a basket of six other major currencies, rose 0.2 percent at 96. 912, …
Currency Pairs: Dollar Rises on Trade Concerns
CURRENCY PAIRS –The dollar gained on Wednesday on safe-haven appeal after reports of further tensions in the US-China trade negotiations. However, gains were capped as investors awaited the Federal Reserve for its policy meeting later in the day. The supposedly negative impact of the Fed’s pausing of interest rate hikes on the dollar has been …
Dollar Soars, Aussie Slips on Economic Report
CURRENCY PAIRS – The dollar climbed up to a near-record-high against other majors early on Wednesday thanks to higher US yields and estimate-topping data. The Aussie, on the other hand, plummeted after lackluster economic growth data for the previous quarter. The dollar rose steeply after the unexpectedly positive data on US services industries were released …
Currency Pairs: Yuan, Aussie Rise on Trade Hopes
CURRENCY PAIRS – Hopes over an imminent trade deal between the United States and China that could potentially end a year-long tit-for-tat tariff dispute pushed the yuan and the Australian dollar higher on Monday. Behind such optimism was a report by a reputable news source on Sunday stating that the two countries are nearing a …
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Asian Market: China Stocks Rise after Trump Tariff Delay
ASIAN MARKET – Asian stocks experienced a China-led rise on Monday after US President Donald Trump announced that he would delay planned hikes in tariffs on Chinese imports. Negotiations between the two economic superpowers have made “substantial progress,” Trump said. Last Sunday, Trump tweeted announced that he would delay the scheduled tariff hikes supposed to …
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Forex Markets: Dollar grapples ahead Fed minutes while gaining in Yen
The dollar struggles on facing its peers today, falling before the Federal Reserve’s (Feds) policy minute talk. However, it manages to gain on the yen when strong investor risk desires to rim the demand of the Japanese money. That makes the U.S. dollar up by 0.2 percent at about 110.83 yen. As the safe-haven currency …
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RBA Shifts to Neutral Stance on Interest Rates
On Wednesday, Australia’s central bank, RBA, hinted at possible rate cuts. This came in the midst of mounting economic risks and was a notable deviation from its long-standing tightening plan, setting its local currency tumbling. According to Reserve Bank of Australia (RBA) Governor Philip Lowe’s first public speech this year, the strength of the labor …
Dollar Firm after Trump’s Speech Showed No Surprises
US President Trump’s State of the Union Address, which tackled trade and budget concerns but otherwise did not surprise listeners, showed no drastic effects on the dollar on Wednesday. Trump delivered an outline of his concerns for the coming year in an annual speech. Included in his speech was the issue of illegal immigration as …
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Yen Stronger after US Sues China’s Huawei
The yen was stronger against its peers on Tuesday with investors trying to take refuge in safe-haven assets after the US Justice Department charged Chinese giant Huawei Technologies Co Ltd with fraud, ramping up the US-China trade tensions. The United States on Monday charged Huawei, its chief financial officer, and two other affiliates with bank …
Dollar Struggling over Trade War, Gov’t Shutdown
The dollar was restrained versus its peers on Thursday, limited by concerns over global growth, the US government shutdown, and a yet-unresolved US-China trade war. “Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows,” said Nick Twidale, who is the chief operating officer at Rakuten Securities. Twidale …
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BOJ Slashes Inflation View, Retains Monetary Stimulus
The Bank of Japan (BOJ) has slashed its inflation forecasts on Wednesday and warned of rising risks to the economy from faltering global demand, further pushing back policymakers’ years-long efforts to foster durable growth. As widely expected, the BOJ retained its ultra-easy monetary settings at its policy review, leaving Japan some way off from exiting …
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Dollar Nears Two-Week High on IMF Cut over Global Growth
The dollar stayed close to its two-week highs against its peers on Tuesday as a slowdown in China’s economy to 28-year lows fueled fresh worries regarding global growth and prompted investors to move into safe-haven currencies. Overnight, the International Monetary Fund (IMF) slashed its 2019 and 2020 global growth forecasts, citing a bigger than expected …
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