AUD/JPY - Australian Dollar to Yen

The minutes from the June Reserve Bank of Australia (RBA) meeting revealed that the interest rates will be kept unchanged at 1.5%. The board suggested that the developments in the labor and housing markets should be watched carefully. Australia House Price Index (QoQ) met the forecasted value of 2.2% in the first quarter and Australia … Continue reading Morning Market Update – AUD eases up

United Kingdom British Retail Consortium (BRC) like-for-like retail sales (YoY) were registered at -0.4% and went above the forecasted values (-0.5%). With the upcoming UK elections on June 8th, we expect the pound to be swaying in the markets. In addition, London faced three terrorist attacks in the recent months and the public might not … Continue reading Morning Market Update – Australian dollar in trouble

The Australian dollar fell today against its major peers as poor China’s macroeconomic data overshadowed decent reports released in Australia. China is the biggest trading partner of Australia, therefore its economic performance has a big impact on the Australian currency. Australian retail sales climbed 1.0% in April from March, seasonally adjusted, far above market expectations of 0.3%. Private capital expenditure rose 0.3% in the March quarter from … Continue reading Aussie Down as Chinese Economic Data Overshadows Australian Reports

The Reserve Bank of Australia (RBA) maintained the status quo at its March monetary policy meeting. The cash rate target remained unchanged at the historical low of 1.5%. The accompanying statement matched the dovish expectations. The RBA cited that prospects for higher global growth, the US-based reflation rally and the recovery in commodity prices improved … Continue reading Aussie to Appreciate Against Yen Despite Lacking Appetite versus US Dollar and Euro