The Japanese yen rose a bit against its major peers today thanks to the supportive macroeconomic reports released in Japan during the current trading session. Japan’s core Consumer Price Index rose 0.8% in October from a year ago, while the Tokyo core CPI increased 0.6% in November. Both indicator were matching forecast exactly. The unemployment rate was stable at 2.8%, also within expectations. Meanwhile, household spending and capital … “Japanese Yen Gets Support from Good Domestic Reports”
Month: December 2017
New Zealand Dollar Carves out Gains, Defying Disappointing Reports
The New Zealand dollar managed to carve out some gains today, even though macroeconomic data from New Zealand and New Zealand’s major trading partner, China, was not particularly good. The New Zealand’s merchandise terms of trade rose 0.7% in the September quarter of this year from the previous three months, two times slower than the 1.4% rate of growth registered in the preceding quarter. Analysts had expected the indicator … “New Zealand Dollar Carves out Gains, Defying Disappointing Reports”