Yen Sinks as BoJ Rate Hike Hopes Fade
The Yen’s in trouble as it just keeps sliding, now hovering near a nine-month low against the Dollar. Traders aren’t buying the idea that the Bank of Japan will raise rates anytime soon. BoJ Governor Kazuo Ueda keeps talking about inflation inching toward 2%, but nobody believes a hike’s actually coming. To make matters worse […]
Australian Dollar remains subdued as US Dollar inches higher ahead of US PCE Price Index
Australian Dollar remains subdued as US Dollar inches higher ahead of US PCE Price Index The Australian Dollar lingered in that strange, somber limbo it often found itself in, steady yet subdued against the mighty Greenback as Thursday dawned over the global market. Beneath the surface, there was a story in each data point, and […]