The Japanese yen and Australian dollar traded in a narrow seesaw range
on Thursday ahead of a European Central Bank meeting expected to ease
policy further.
AUD/USD traded at 0.8100, up 0.14%, while USD/JPY traded at 117.90, down 0.06%. EUR/USD changed hands at 1.1607, down 0.02%.
In Australia, MI inflation expectations showed a weighted median view of 2.4%, compared to 2.6% in November, hinting that like dollar bloc nation Canada the global commodity slump is diminishing inflation concerns, while HIA new home sales for November rose 2.2%, compared to the previous month gain of 3.0%.
In China, the central bank resumed reverse repos to add 50 billion yuan this week in a 7-day offering with the rate set at 3.85%, from 4.1% previously. Interbank money rates rose earlier this week as liquidity remained tight after tax payments and on concerns of more capital outflows. The People's Bank of China has pledged to keep liquidity stable but adjust as economic conditions require.
Read more Click Here / www.trade4x.net
AUD/USD traded at 0.8100, up 0.14%, while USD/JPY traded at 117.90, down 0.06%. EUR/USD changed hands at 1.1607, down 0.02%.
In Australia, MI inflation expectations showed a weighted median view of 2.4%, compared to 2.6% in November, hinting that like dollar bloc nation Canada the global commodity slump is diminishing inflation concerns, while HIA new home sales for November rose 2.2%, compared to the previous month gain of 3.0%.
In China, the central bank resumed reverse repos to add 50 billion yuan this week in a 7-day offering with the rate set at 3.85%, from 4.1% previously. Interbank money rates rose earlier this week as liquidity remained tight after tax payments and on concerns of more capital outflows. The People's Bank of China has pledged to keep liquidity stable but adjust as economic conditions require.
Read more Click Here / www.trade4x.net
No comments:
Post a Comment