Covid lockdown impacts yen

Today Bank of Japan board member Toyoaki Nakamura warned of the risks to the economic outlook posed by the recent rise in the Covid-19 pandemic, but expressed hope that consumption would increase once homes felt safe to spend. Nakamura said the world’s third-largest economy would recover as the impact of the pandemic fades, encouraging growth [...]

PMI report favors Euro

The selling pressure in the US dollar pushes wake of delayed Fed taper’s talk. The dollar was brilliant on Tuesday following a one-day fall from May, despite traders being cautious in chasing a mood-driven move ahead of a Federal Reserve symposium to put an end to incentives and property purchases. The US data showed strong, [...]

RBNZ’s monetary policy favors kiwi

Kiwi is recapturing the bullish trend after the release of monetary policy today. A senior central bank official said that the delta variant of the corona virus in New Zealand is not yet a "game changer" and there is no pressure to act on monetary policy. At this point, our basic economic analysis and vision [...]