Aussie and yen hold revenues

September 9, 2016

On Friday, the Australian dollar and yen held profits in Asia because China consumer prices came in lower than expected, thus contributing to recent fairly positive data from the country on trade as well as manufacturing.

The currency pair AUD/USDВ was worth 0.7649, up 0.08%. Meanwhile, USD/JPYВ traded at 102.16, down 0.31%. By the way, China is considered to be a top trading partner for Japan and Australia.

Before the China figures, Australia had posted that home loansВ data for July dropped 4.2%, which is more than the 1.5% descend observed month-on-month, while housing financeВ rose 0.5%, quite below a previous profit on 3.2%.

Overnight, the evergreen buck trimmed losses against other key currencies, following data, which showed that American jobless claims dipped to a six-week minimum the previous week and after the ECB stood away from implementing any extra stimulus measures at its policy gathering.

At the conclusion of its policy gathering, the ECB increased its 2016 growth forecast to 1.7% from 1.6%, though moderately lowered its 2017 forecast from 1.7% to 1.6% at Thursday’s gathering.

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