News

22
May

BOJ Refrains From Boosting Stimulus After Growth Picks Up

The Bank of Japan refrained from increasing monetary stimulus and signaled a more optimistic view on the economy, as Governor Haruhiko Kuroda bets on stronger growth fueling stalling inflation. The central bank will continue to boost the monetary base at an annual pace of 80 trillion yen ($662 billion),...

20
May

Dollar Touches Two-Month High as U.S. Data Back Rate Divergence

The dollar touched a two-week high versus major peers ahead of minutes from last month’s Federal Reserve meeting, after American housing data reinforced speculation monetary policy will diverge between the U.S. and Europe.The greenback held a two-day gain against the euro after European Central Bank executive board member Benoit...

04
May

Aussie Drops Fourth Day as Economists Predict RBA Will Cut Rates

Australia’s dollar weakened for a fourth day as most economists predicted the Reserve Bank of Australia will cut interest rates to a record when it meets Tuesday. The Aussie declined against all its 16 major counterparts after a Chinese manufacturing gauge worsened, adding to signs growth is slowing for Australia’s largest...