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[QUOTE="limyeeshin, post: 107964, member: 35099"] [B][U][CENTER][SIZE="5"][COLOR="Blue"]Thursday 18 August 2016[/COLOR][/SIZE][/CENTER][/U][/B] [B][U][COLOR="Red"]Dollar falls slightly after the FOMC minutes[/COLOR][/U][/B] The U.S. dollar slightly fell against the basket of major currencies after the release of recent FOMC minutes on Wednesday. The meeting depicted a committee divided for the pace of next rate hike, making investors confused to indicate the Federal Reserve’s next rate hike timing in coming months. Some members anticipated that economic conditions would soon to be strong enough to take another step in removing policy accommodation. Several members expressed concern that holding rates at persistently low levels could prompt investors to search higher yields in equity markets that leads to misallocation of capital and mispricing of risk. Others emphasized that it was better to wait for further data to determine whether prices could firm in sooner period as the inflation continues to be below 2% of Fed’s goal. The dollar fell 0.26% to 94.44 after the minute release. [B][U][COLOR="Red"]Yen gains after July trade data with surplus[/COLOR][/U][/B] Japanese yen strengthened in early Asia after the trade balance came in with wider than expected surplus figures. In Japan, July’s adjusted trade balance surplus came in at ¥320 billion, more than double the ¥140 billion expected. However, imports plunged 24.7%, much more than 20.6% annual decline expected and continuing its 19th consecutive drop. Exports also fell 14.0% as expected, with 10th decline in a row. Overall the trade balance had a surplus of ¥514 billion. USD/JPY changed hands at 99.72, falling 0.56% after the data. [B][U][COLOR="Red"]The aussie rises after better than expected job growth[/COLOR][/U][/B] The Australian dollar rose after the employment data showed better than expected figures. The employment change for July boosted to 26,200, much higher than 11,000 jobs expected. Unemployment rate also fell to 5.7% from stubborn 5.8% with the participation rate of 64.9% as seen. The country’s biggest trade partner China released house prices for July at an increase of 7.9% year on year from 7.3% in previous month. AUD/USD rose 0.72% and traded at 0.7711. [B][U][COLOR="Red"]Major pairs (Thursday update)[/COLOR][/U][/B] [html]USD/JPY ↓0.11% 100.17 EUR/USD ↑0.12% 1.1304 EUR/JPY ↓0.02% 113.19 USD/CAD ↓0.11% 1.2831 GBP/USD ↑0.11% 1.3053 USD/CHF ↓0.11% 0.9615 AUD/USD ↑0.54% 0.7697 NZD/USD ↑0.40% 0.7281[/html] [/QUOTE]
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