|
NEWS | 6 minutes ago The Kiwi dipped on a surprise Yuan cut by China, but traders are scrambling to keep the day’s action near where it started. Friday is a thin showing for the NZD, and economic data is likely to be inconsequential as traders wrestle with swings in risk appetite. The NZD/USD knocked back to 0.6720 in […]
NEWS | 38 minutes ago According to results from a Reuters survey of large and medium-sized businesses in Japan, respondents are expecting inflation to remain subdued. Key highlights Two-thirds of respondents say inflation between 0 and 1% is “appropriate”. 44% of those surveyed say the Bank of Japan’s (BoJ) price goal will take longer than 3 years […]
NEWS | 17 minutes ago Trump’s trade war is fueling a currency war between the US and China. AUD, a proxy for China, is taking a hit after PBOC’s devaluation of CNY. The People’s Bank of China’s (PBOC) decision to devalue Yuan by most since June 2016 is hurting the Aussie dollar, proxy for China. The currency […]