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Friends,
Quick gist of tuesday's FX market price action -
>> USDJPY dropped to 104.70 after the steady policy decision announced by the Bank of Japan this morning while leaving the growth forecasts unchanged at 1 percent for FY 2016-17.
>> Great British Pound aka GBP rallied to 1.2250 against the greenback after the UK released its money figures for September, showing that mortgage approvals for house purchases rose to their highest in three months while Bank of England Governor Mark Carney indicated that he would stay in his job for an extra year, until the end of June 2019.
>> South African Rand strengthened to 13.47 against the USD after the prosecutor dropped fraud charges against Finance Minister Gordhan thus easing concerns about his possible removal.
>> AUDUSD pair jumped to 0.7658 after the RBA kept the cash rate unchanged at 1.5 percent at its policy meeting. Moreover, the Aussie Dollar remained underpinned on the back of upbeat Chinese manufacturing PMI reports.
Cheers !!
Quick gist of tuesday's FX market price action -
>> USDJPY dropped to 104.70 after the steady policy decision announced by the Bank of Japan this morning while leaving the growth forecasts unchanged at 1 percent for FY 2016-17.
>> Great British Pound aka GBP rallied to 1.2250 against the greenback after the UK released its money figures for September, showing that mortgage approvals for house purchases rose to their highest in three months while Bank of England Governor Mark Carney indicated that he would stay in his job for an extra year, until the end of June 2019.
>> South African Rand strengthened to 13.47 against the USD after the prosecutor dropped fraud charges against Finance Minister Gordhan thus easing concerns about his possible removal.
>> AUDUSD pair jumped to 0.7658 after the RBA kept the cash rate unchanged at 1.5 percent at its policy meeting. Moreover, the Aussie Dollar remained underpinned on the back of upbeat Chinese manufacturing PMI reports.
Cheers !!
