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Yuan Tumbles as Capital Outflows Continue
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👤Lisa Harris
🕔July 19, 2016
The Chinese yuan successfully broke through a significant support level late on Monday, as investors kept a nerve-racking watch on the currency. The yuan also fell as a result of the economic uncertainty posed by the declining currency.
The yuan edged below 6.7 to the dollar on monday, a level it has not been under for more than 5 years, but managed to recover some of its losses on Tuesday.…
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NZD continues to descend
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👤Xinyang
🕔July 18, 2016
After yesterday’s weak inflation data, NZD/USD continues its descend as the RBNZ releases property cooling measures. A consultative paper was released by RBNZ this morning, stating that it intends to introduce new macro-prudential measures nationwide to mitigate systematic risks to bank from mortgage lending.…
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Signs of rate cut after weak New Zealand Inflation data
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👤Xinyang
🕔July 18, 2016
The NZD dropped sharply on Monday after inflation dropped unexpectedly in the second quarter. Consumer prices in New Zealand raised 0.4% y/y in the June quarter of 2016, which is similar to the previous period and lower than market expectations of a 0.5% increase.…
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