RBA’s monetary policy braces Aussie

The Reserve Bank of Australia’s (RBA) monetary policy decision was out at 04:30 GMT on Tuesday while the recent pessimism concerning the coronavirus (COVID-19) outbreak in Victoria was prevailing in the market.  The RBA left its currency monetary policy adjustment unchanged for the third straight August, maintaining a record low of 0.25% of the official [...]

Manufacturing PMI data and Q1 GDP data impacts Yen

The manufacturing sector in Japan employs more than 10 million people, equivalent to about 8% of the country’s total population. It is responsible for more than 10% of the total GDP. Its manufactured products like Toyotas and Hondas are used around the world. According to Markit and au Jibun bank, the manufacturing sector made a [...]