The Australian dollar was moving lower against its US peer during the current trading session, though currently the Aussie has trimmed some of its losses. The Australian currency also pared its losses versus the euro. Janet Yellen, Federal Reserve Chairperson, was speaking on Friday, and she signaled possibility of an interest rate hike in the near future. Monetary tightening would mean less “cheap money,” and that discourages investors … “Aussie Moves Lower During Monday’s Trading”
Month: August 2016
Yen Soft as Kuroda Talks About Additional Stimulus
The Japanese yen was soft today after Haruhiko Kuroda, Bank of Japan Governor, signaled that he is not afraid to add more stimulus if it would be necessary to reinvigorate the nation’s economy. Kuroda was talking at the Jackson Hole symposium on Saturday. He said: There is no doubt that there is ample space for additional easing in each of the three dimensions. The bank will carefully consider … “Yen Soft as Kuroda Talks About Additional Stimulus”
Federal Reserve Monetary Policy Changes on the Wake?
The monetary policy of the Federal Reserve had always been pivotal towards shaping the global economy and these days the impact is even amplified due to recent events taking place in several regions of the world. But recent policy statements released by the Federal Reserve suggested that there are various critical factors that are the … “Federal Reserve Monetary Policy Changes on the Wake?”
Federal Reserve Monetary Policy Changes on the Wake?
The monetary policy of the Federal Reserve had always been pivotal towards shaping the global economy and these days the impact is even amplified due to recent events taking place in several regions of the world. But recent policy statements released by the Federal Reserve suggested that there are various critical factors that are the … “Federal Reserve Monetary Policy Changes on the Wake?”
Dollar Ends Week with Gains, Supported by Yellen
The US dollar ended the week with gains against most major currencies (but not versus the Great Britain pound). The reason for the good performance was the outlook for monetary tightening, supported by comments from Fed Chair Janet Yellen. For the whole week, traders were waiting for Yellen’s speech at the Jackson Hole Meeting, hoping that she might reveal timing for the next interest rate hike. In reality, she did not provide … “Dollar Ends Week with Gains, Supported by Yellen”
Dollar emerges as winner after Yellen’s speech – is it
Janet Yellen said the case for a rate hike has strengthened, but also added the usual cautionary words. The dollar advanced, dropped and eventually emerged as a winner. Some see September as a potential date for a rate hike while others remain cautious and point to December. Here are three opinions: Here is their view, courtesy … “Dollar emerges as winner after Yellen’s speech – is it”
Euro Higher vs. Dollar as German Consumer Climate Improves
The euro rose against the US dollar for the second day but edged down versus the Great Britain pound today after the positive economic news from Germany. The GfK German Consumer climate rose from 10.0 to 10.2 in August, in line with analysts’ expectations. The report commented on the result: Consumer sentiment in Germany developed positively on the whole in August, with consumers appearing to digest the shocking Brexit news very well. It added … “Euro Higher vs. Dollar as German Consumer Climate Improves”
Yen Little Changed After CPI Shows Drop
The Japanese yen was little changed after a report showed that Japan’s deflation persisted despite the efforts of the Japanese central bank. The national core Consumer Price Index fell 0.5% in July from a year ago whole Tokyo core CPI was down 0.4% in August. Both indicator fell slightly more than analysts had anticipated but at the same rate as in the previous reporting period. Yet the yen little moved … “Yen Little Changed After CPI Shows Drop”
South African Rand Rises, Remains Under Pressure from Political Uncertainty
The South African rand rose a bit today, joining other currencies of emerging markets in a small scale rally, but remained under pressure from political turmoil in South Africa. The MSCI emerging equity index rose a little on Thursday as various currencies of emerging economies profit from a halt in the US dollar’s rally. While the rand joined them, logging gains, the currency remains vulnerable due to political situation in the country. Finance Minister … “South African Rand Rises, Remains Under Pressure from Political Uncertainty”
Mexican Peso Little Changed After Current Account Gap Increases
The Mexican peso was little changed against the US dollar at the start of Friday’s trading after the release of a current account report on Thursday that showed an increase of a deficit. Mexico’s current account shortage rose to $7.852 billion in the second quarter of this year. The first quarter’s figure was revised from a deficit of to $6.991 billion to $7.597 billion. In general, currencies of emerging markets were relatively strong during the Thursday’s trading session as the dollar … “Mexican Peso Little Changed After Current Account Gap Increases”