Aussie falls after RBA Governor Philip Lowe’s speech during the early Monday. Although RBA’s Lowe tried to sell the Aussie government’s policies, his comments over inflation and employment seem to have weighed on the AUD. The Reserve Bank of Australia's governor Philip Lowe said on Monday that the central bank is doing what it can [...]
USD/JPY stays firm. There revolves a positive sentiment for greenback as traders cheer US President Joe Biden’s passage of $1.9 trillion stimulus. Bulls are chained ahead of the key speech from US President. Recently the $1.9 trillion package has been approved to combat the coronavirus (COVID-19), There are also chatters taking place that US President [...]
The dollar has overcame losses against currencies on Thursday after soft data on U.S. consumer price data. U.S. core consumer prices had risen 1.3% year-on-year in February, a slight slowdown from a 1.4% annual increase in the previous month as per data showed on Wednesday. The dollar and U.S. Treasury yields have rose steadily due [...]
Upbeat data of China's inflation released during early Wednesday did not support the Aussie. China’s Consumer Price Index (CPI) was same as previous month maintained at 0.6% while rising-0.2% YoY versus -0.6 % expected. Adding to it, the Producer Price Index (PPI) followed the suit with a record of 1.7% versus 0.7% forecast. It should [...]
