Monetary Policy — News Archive

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NZ Dollar Soft as Manufacturing PMI Drops

The New Zealand dollar was somewhat soft today after the nation’s manufacturing sector demonstrated contraction last month. The currency has trimmed losses against some of its rivals, though, and stood its ground versus safer currencies as the risk sentiment stabilized.

Aussie Dragged Down by Fundamentals, Attempts to Recover

The Australian dollar fell today, dragged down by a range of fundamentals, including risk aversion and prospects for additional monetary easing. Macroeconomic data in China, Australia’s biggest trading partner, was mixed, giving no support to the Aussie. But the Australian currency was attempting to recover, and it even managed to gain on some of its rivals, including the US dollar.

Japanese Yen Gains Despite BoJ Signaling About Additional Easing

The Japanese yen rallied against other most-traded currencies today amid risk aversion caused by the escalating trade tensions between the United States and China. The currency gained even as Japan’s central bank signaled about the possibility of additional monetary easing.

Japanese Yen Rallies Despite Negative Domestic News

The Japanese yen climbed against other most-traded currencies today despite domestic news that was not favorable to the currency. Some market analysts explained the rally by risk aversion among investors.

US Dollar Ends Week Strongest Despite Outlook for Fed Easing

The US dollar was surprisingly strong during the past trading week, rising against all other most-traded currencies. That is despite the outlook for monetary easing from the Federal Reserve next week.

Pound Ends Week Weakest amid Brexit Fears, Domestic Data Fails to Boost Currency

The Great Britain pound ended the week as the weakest currency on the Forex market. While the sterling got some help from domestic macroeconomic data, Brexit fears continued to hurt the currency. The US dollar and the euro were also soft. Commodity currencies were clear winners during the past trading week.

Yen Soft After Macro Releases, Comments from BoJ Official

The Japanese yen was soft versus the majority of its most-traded peers today. Domestic macroeconomic data was mixed and Bank of Japan officials were sending somewhat confusing signals about monetary policy in the future.

Swiss Franc Strong Despite Comments from Zurbruegg

The Swiss franc gained on most major currencies today even after the central bank’s officials continued to signal that extremely loose monetary policy will remain in place in the foreseeable future.

Aussie Gains on Lowe’s Comments, Stabilizing Market Sentiment

The Australian dollar gained against its most-traded rivals today after the central bank’s chief questioned the efficiency of further monetary policy easing. The currency also got support from the stabilizing market sentiment.

Sterling Rallies on USD Weakness, Falls on Dovish BoE Decision

The British pound today fell from its daily highs in the mid-London session following the dovish outlook painted by the Bank of England following its rate decision. The GBP/USD currency pair had rallied to its daily highs earlier in the session by riding on the wave of broad US dollar weakness following yesterday’s dovish FOMC statement.

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