News

31
Jul

Japan’s Consumer Prices Rise Fractionally While Spending Drops

Consumer price gains in Japan remained little more than zero in June while household spending dropped, challenging the central bank’s effort to spur inflation. Consumer prices excluding fresh food rose 0.1 percent from a year earlier, fractionally better than economists estimated. The same measure for Tokyo showed a 0.1...

21
Jul

The New Zealand Dollar Is Set to Continue Its Descent

Don’t be fooled by the rebound in New Zealand’s dollar. Trading patterns show that the currency is set to continue its descent. The kiwi remains within a downtrend channel going back to April on the daily technical chart, signaling price advances probably can’t be sustained, according to data compiled...

16
Jul

Dollar Bulls Accelerate Charge as Yellen Provides Rates Spur

The dollar rose to a three-month high against its major peers after Federal Reserve Chair Janet Yellen reiterated the U.S. is on track to raise interest rates this year. The U.S. currency advanced to the strongest in six weeks versus the euro after the Greek parliament voted to accept further austerity...

09
Jul

June FOMC Meeting Minutes Summarized

Fed officials in June saw that economic conditions are supporting an interest-rate increase, but are also concern about weak consumer spending and risks from China and Greece. All policy makers, except for one, indicated that they would need to see more evidence that economic growth was sufficiently strong. “I get a reading...