Secretary of State Mike Pompeo made an announcement on Wednesday that the State Department no longer considered Hong Kong to have significant autonomy under Chinese rule, a move that indicated the Trump administration was likely to end some or all of the United States government’s special trade and economic relations with the territory in southern [...]
"RBA will maintain its expansionary settings until progress is being made towards full employment and we are confident that inflation will be sustainably within the 2–3 percent target band." was said by RBA Governer Philp Lowe to the senate committee. His speech was optimistic that made Aussie to gain strength against USD. He added that [...]
The New Zealand Dollars is on the uptrend to the upside as optimism about a global recovery from the COVID-19 pandemic is attracting the investors. NZD/USD rose a little in the earlier session but was low than last week highs. Kiwi was able to achieve multi-month highs as the U.S. Dollar weakened as investors shed [...]
USD/JPY in a bearish trend as BOJ's Kuroda speech is pessimistic on the economy. Bank of Japan Governor Haruhiko Kuroda said the central bank would consider additional rapid easing if the coronavirus outbreak significantly threatened Japan’s economy and price trends. He called the coronavirus outbreak the “biggest uncertainty” for the domestic economy and added for [...]
