Yen Eases Off, Focus Shifts to Dollar Market as US Consumer Price Index Released Today
In the Tokyo market, the yen’s strength has eased off. While market speculation regarding the Bank of Japan’s March negative interest rate removal has increased, there have been no direct references from BOJ Governor Ueda today. Rather, remarks expressing concerns about weak consumption have led to movements in favor of yen depreciation. Attention in the […]
Australian dollar accelerates lower, monthly CPI growth slower than expected, at 5% for the first time since last April.
The Australian dollar has accelerated its decline as the monthly Consumer Price Index (CPI) for May came in below expectations, showing a slowdown in growth to 5.6%. This puts the CPI in the 5% range for the first time since April last year. In response, the Australian dollar has weakened by 0.78% against the US […]