The Japanese yen gained today as demand for safety overcame Bank of Japan’s attempts to weaken the currency. The yen slumped earlier as the BoJ expanded its asset purchase program to support the struggling economy.(…)Read the rest of Yen Gains Even as Bank of Japan Adds Stimulus (76 words) Posted on Forex News. Read More Yen Gains Even as Bank of Japan Adds Stimulus
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The Australian dollar climbed today, reaching a monthly high versus its US counterpart, after the stimulating measures of the Bank of Japan boosted commodities and global stocks. The currency was down against the yen, though.(…)Read the rest of Aussie Posts Gains as Bank of Japan Boosts Liquidity (127 words) Posted on Forex News. Read More Aussie Posts Gains as Bank of Japan Boosts Liquidity
Posted in FX News | Tagged as, aussie, bank, boosts, gains, japan, liquidity, of, posts
The Mexican peso trimmed its losses versus the US dollar today after the nation’s central bank left it key overnight interbank funding rate unchanged for the 26th consecutive meeting, disappointing traders who expected an interest rate cut.(…)Read the rest of Mexican Peso Erases Losses as Bank of Mexico Doesn’t Cut Interest Rates (91 words) Posted on Forex News. Read More Mexican [...]
Posted in FX News | Tagged as, bank, cut, doesnt, erases, interest, losses, mexican, mexico, of, peso, rates
USD remains soft after Bernanke indicated that the door was open for more stimulus if necessary at yesterday’s press conference. Markets seemed to focus on this despite the upward revisions to the growth outlook and downward estimates of the unemployment rate this year. Weekly initial jobless claims today came in Read More JPY Advances ahead [...]
Posted in FX News | Tagged advances, ahead, bank, japan, jpy, of
The Japanese yen fluctuated today, staying nearly flat at present, as Forex market participants were unsure whether the Bank of Japan would intervene to trim yen’s gains.(…)Read the rest of Will Bank of Japan Intervene? Investors Unsure, Yen Fluctuates (153 words) Posted on Forex News. Read More Will Bank of Japan Intervene Investors Unsure, Yen Fluctuates
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For six years he held the highest civil servant post in the country, referred to by staff and the media alike as GOD. On Monday, Lord O’Donnell hinted he could run for the top job in finance. Read More Former Cabinet Secretary Lord ODonnell hints he could enter race to replace Bank of England Governor [...]
Posted in FX News | Tagged bank, cabinet, could, england, enter, former, governor, he, hints, king, lord, mervyn, odonnell, of, race, replace, secretary, sir, to
George Osborne is under pressure to overhaul the process to find Sir Mervyn King’s successor after MPs complained of being ‘locked out’ of the appointment of one of the most powerful unelected positions in Britain. Read More MPs complain of being locked out in search for new Bank of England Governor to replace Sir Mervyn [...]
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In the wake of yesterday’s communiqu?, markets have now begun to anticipate rate hikes as early as this coming fall. Several factors are responsible for this new outlook. The upgrade to the near-term growth outlook for the Canadian economy has led to the output gap closing six months earlier than Read More Bank of Canada [...]
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The Bank of Canada provided a more detailed forecast update in today’s Monetary Policy Report and Governor Carney’s press conference confirming yesterday’s assessment that the Bank is closer to reducing policy stimulus than was previously thought. Today’s commentary did not provide any clearer read on the timing of the first Read More Bank of Canadas [...]
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The Bank of England Minutes highlights the biggest event risk for the sterling over the next 24-hours of trading and the fresh batch of central bank rhetoric may reinforce our bullish outlook for the GBPUSD should the MPC scale back its dovish tone for monetary policy. Read More GBPUSD Trading the Bank of England Minutes
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