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Japan Foreign Bond Investment fell from previous ¥1629.4B to ¥1135.1B in August 14
Japan Foreign Bond Investment fell from previous ¥1629.4B to ¥1135.1B in August 14
US Treasury Department to buy back more longer-term bonds
The US Treasury Department said on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs, the Wall Street Journal reported.
Japan Imports (YoY) above expectations (26.5%) in July: Actual (27.8%)
Japan Imports (YoY) above expectations (26.5%) in July: Actual (27.8%)
Japan Exports (YoY) above forecasts (19.9%) in July: Actual (23.2%)
Japan Exports (YoY) above forecasts (19.9%) in July: Actual (23.2%)
US President Donald Trump announces "crushing economic operation" on Iran
US President Trump announced the most severe economic action ever taken against Iran, CBS News reported on Wednesday. Trump said this will be economic conflict and isolation on an unprecedented scale and the countries allowing financial aid to Iran will face severe economic consequences.Â
Gold climbs above $4,500 as US Dollar, yields fall
Gold price (XAU/USD) rises to around $4,520 during the early Asian session on Thursday. The precious metal surges to the highest since early June amid the weakening US Dollar (USD) after the US Treasury Department stepped in to provide relief to bond markets.
Australian Dollar gains as Treasury buyback offsets hawkish Fed
The Aussie Dollar advances on Wednesday, up over 0.56%, as the US Dollar registers losses amid the US Treasury bond buyback and despite the release of hawkish Federal Reserve minutes from the July meeting. The AUD/USD trades at 0.7127.
GBP/JPY Price Forecast: sellers take control below 50-day SMA
The GBP/JPY retreats on Wednesday as the cross-pair fails to climb past 216.00Â and fell beneath the 50-day Simple Moving Average (SMA) of 125.56. The cross-pair trades at 214.25 down 0.37%.
Washington bought the Japanese Yen again without meaning to
USD/JPY closed Wednesday 0.92% lower just above 158.00, the largest single-session decline since the early-August intervention, and Tokyo did not lift a finger for it.
Pound Sterling's best level since May was made in Washington
GBP/USD closed Wednesday 0.53% higher just above 1.3600, its best close in three months, and the United Kingdom inflation report that opened the session had almost nothing to do with it. Sterling spent the London morning up barely twenty pips on the day.
New Zealand Dollar rallies as Treasury buyback drags US yields
The New Zealand Dollar (NZD) rallies against the US Dollar (USD), pushing north of the 0.5930 mark. The move is driven by broad weakness in the Greenback rather than anything out of New Zealand.
Australia’s Unemployment Rate jumps to 4.5% in July, vs 4.4% expected
Australia’s Unemployment Rate climbed to 4.5% in July from 4.4% in June, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in above the market consensus of 4.4%.
The Dollar Index answers to the Treasury, not the Fed
The Dollar Index closed Wednesday 0.86% lower just beneath 98.80, its weakest close since mid-May, and it closed on the session low. The document that did the damage was not a central bank document.