During a speech today, Bank of Japan Governor Kuroda said that the real effective rate of the yen was unlikely to fall. Furthermore, he warned against aggressive speculations for a rise in the dollar, declaring that a real rise in interest rates by the Fed would lead to a strengthening of the dollar. In the past, when the dollar has been at a significantly lower level than it currently is against the yen, Kuroda repeatedly welcomed this, saying that the weakening of the yen is good for the economy. The recent change of tone says something about how the central bank is no longer for the weakening of the yen, although it will temporarily increase inflationary pressures.
The dollar/yen skipped from 124.54 to 122.99 and later to 122.75 after Kuroda’s comments. It had been announced earlier that any rise in the pair above 120 would be unsustainable.
According to yesterday’s API data, US oil reserves have fallen by 6.7 million barrels, causing a growth in oil quotes to above 65 dollars for Brent. In the evening some statistics according to the US department of energy will be published, in which there’s also the expectation of the reserves falling.
From today’s announcements from the Reserve Bank of Australia, Glenn Stevens, it’s suffice to say that the central bank is open to further reductions in rates and a further cheapening of the Australian dollar is necessary. The Aussie/Yank pair fell from 0.7679 to 0.7643, after which it continued a growth to 0.7779. Stevens also announced that it will take some time before the RBA will consider putting its rates up.
Today some data was published which showed a fall in manufacturing production in the UK throughout April by 0.4% in comparison with March and a growth of 0.2% in comparison with the same period last year. The statistics have compounded worries that UK economic growth will not have sped up in the second quarter.
A rise in production was expected, although at a lower rate than the previous months. Today it’s worth having a look at the publication of UK GDP values for May, which is sure to give the pound/dollar something to fluctuate about. Having a listen to what the Bank of England’s Mark Carney has to say might also be worth your while.
Make Yourself at Home on the Forex Market
Alpari Cashback: decide for yourself, what trading terms on the Forex market will work for you! Trade, invest, top up your accounts at Alpari and get bonus points to further enhance your trading and investment terms.Register
Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.
We're sorry, an error has occurred. Please try again later.
Notification of this error has been sent to our technical support team.
To be redirected to the European Alpari website, operated by Alpari Europe Ltd.,
a company registered in Malta and regulated by MFSA, click Continue. To remain on this page, click Cancel.
Попробуйте опубликовать пост еще раз либо свяжитесь со службой поддержки социальной сети «ВКонтакте».
У вас есть 24 часа, чтобы получить 50 бонусных баллов за свой репост! Эти баллы вы сможете использовать для улучшения торговых и инвестиционных условий в Альпари, а также уменьшения комиссий за денежные переводы.
Просто авторизуйтесь в своем Личном кабинете или зарегистрируйтесь,
если у вас его еще нет.
Обратите внимание, что для получения баллов нужно разрешить доступ к своей странице ВКонтакте сайту alpari.com/ru/.
Для этого на странице «Мои настройки» во вкладке «Приватность» в разделе «Прочее» вашего аккаунта ВКонтакте в пункте «Кому в интернете видна моя страница» выберите «Всем».
Field filled incorrectly.
This field is required.
This field is required.
Incorrect login or password.