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Japanese Yen Mixed on Trade, Inflation As Business Leaders Pessimistic

The Japanese yen is finishing the trading week mixed against several major currencies as trade and inflation data were in focus among investors. With new polls suggesting that the nation’s business leaders are bearish on the world’s third-largest economies, it is anyone’s guess as to whether Japan enters a recession or not. But the numbers are not pleasing to investors.

Norwegian Krone Falls Despite Interest Rate Hike

The Norwegian krone plunged today even though Norway’s central bank raised its benchmark interest rate, performing a rate hike for the fourth time over the year.

Indonesian Rupiah Flat After Third Consecutive Interest Rate Cut

The Indonesian rupiah traded about flat today despite yet another interest rate cut from the nation’s central bank.

Swiss Franc Rallies After SNB Leaves Interest Rates Unchanged

The Swiss franc rallied today after the Swiss National Bank kept monetary policy unchanged. However, the main reason for the Swissie’s rally was the market sentiment that favored safer currencies.

Real Drops After Central Bank Cuts Interest Rate to Record Low

The Brazilian real dropped against the US dollar today after Brazil’s central bank cut its benchmark Selic rate to a record low yesterday.

Euro Rallies Higher as France Pushes for Fiscal Stimulus Measures

The euro today rallied higher against the US dollar as investors bid up the single currency lifting it away from yesterday’s lows triggered by the FOMC decision. The EUR/USD currency pair today rose steadily as the markets reacted to comments from the French calling for immediate fiscal stimulus measures.

Pound Recovers as BoE Maintains Its Monetary Policy Stance

The Sterling pound today rallied from its daily lows after the Bank of England maintained its current monetary policy stance by leaving interest rates unchanged. The GBP/USD currency pair had fallen to its daily lows following the release of the latest UK retail sales data early in the London session.

NZ Dollar Drops Despite Better-than-Expected GDP

The New Zealand dollar fell today even after a report showed that the nation’s economy rose last quarter faster than was expected.

Aussie Tumbles as Markets Digest Fed’s Rate Cut, Australia’s Employment Report Doesn’t Help

The Australian dollar tumbled today, being one of the worst-performing currencies during Thursday’s trading session. The Aussie dropped along with other commodity currencies as markets were digesting yesterday’s hawkish interest rate cut by the Federal Reserve, though the seemingly good domestic employment report had parts that also could have a negative impact on the currency.

US Dollar Surges As Federal Reserve Cuts Interest Rates

The US dollar is surging midweek after the Federal Reserve cut interest rates at its September Federal Open Market Committee (FOMC). Additional easing is expected this year, leaving many to wonder if another round of quantitative easing (QE) is coming. Housing data further contributed to the dollar’s trading earlier in the session.

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