Japanese Yen Pares Intraday Gains Despite Hawkish BoJ Stance
Japanese Yen Pares Intraday Gains Despite Hawkish BoJ Stance The Japanese Yen (JPY) has lost momentum against the US Dollar (USD), reversing some intraday gains after the release of the US Personal Consumption Expenditures (PCE) Index data for July. This data dampened expectations for a significant interest rate cut by the Federal Reserve (Fed) in […]
Australian and New Zealand Dollars Impacted by Global Risks and Mixed Employment Data
Australian and New Zealand Dollars Impacted by Global Risks and Mixed Employment Data The Australian and New Zealand currencies felt the pressure of global risk aversions due to escalating tensions in the Middle East. Concurrently, ambiguous local employment figures failed to provide the anticipated support. In the bond market, Australian 10-year yields reached a record […]