The Kiwi pair staying on the back foot and it’s being underpinned by expectations of a rate hike by the Reserve Bank of New Zealand (RBNZ) on next month and Friday’s boosted U.S. jobs report that likely signaled the Federal Reserve would refrain from announcing any tapering plans sooner than expected and higher U.S. Treasury [...]
EUR/USD pair is on a second intra-day low and fallen to this year new level. The reason behind could be the Greenback strengthening among cautious investors despite receding demand for safe-haven assets. Government bonds fell, pushing yields to the upper end of their weekly range. Yesterday the FOMC released the Minutes of its latest meeting. [...]
The USD/JPY is on consolidated downtrend from last week Friday and the catalyst behind it could be weaker-than-expected consumer sentiment report, which drove U.S. Treasury yields sharply lower. It has swiped out all the previous gains of bullish U.S. Non-Farm payrolls report. According to the University of Michigan, US consumer sentiment fell to its lowest [...]
USD/JPY is on downtrend today because of US dollar cool inflation report and Japan wholesale prices increasing. After a cold overnight recession in consumer inflation, US challenged the foresight to tighten US monetary policy. The consumer price index rose 0.5% last month, down from a 0.9% improvement in June, according to economists. Inflation has been [...]
