Daily update
BOY Interest Rate Decision, Monetary Policy Statement & Press Conference GBP Public Sector Net Borrowing USD FOMC Economic Projections, Fed’s Monetary Policy Statement, Fed Interest Rate Decision & FOMC Press Conference NZD RBNZ Interest Rate Decision Highlight of the day, Dollar weakens after Fed leaves the rate unchanged which immediately supported all currencies to go up against USD. But yet Yellen Fed President has signaled Fed will tighten its monetary policies by the end of this year as the labor market improves further and a december hike is looking much more likely. Last night after Interest Rate decisions were released USD Index, which measures the USD against a basket of six major currencies extended its decline to a five day low from 96.333 to 95.515 with a 0.50% drop. The first report that was released was BoJ Interest Rate decision, Monetary Policy Statement & Press Conference. Bank of Japan decided to keep the rates of Interest Rate unchanged but regardless of this decision JPY grew stronger post of BOJ Interest Rate decision due to asset purchase reports came positive. By Morning GBP released its Public Sector Net Borrowing for last Month, which captures the amount of debt accountable for UK. Results indicated the UK Debt Deficit released positive and favorable results for UK. To finish off the NZD released RBNZ interest rate decision which remain unchanged resulted in negative trend for NZD. Earlier Today RBA Governor Philip Lower will give a speech on Economic Condition of Australia. Reports from USA on Chicago Fed National Activity Index & Initial Jobless Claims which will forecast the Unemployment rate of USA along with Consumer Purchasing Trends. European Central Bank President Mario Draghi will be speaking on Economic Condition of Europe along with forecast for the upcoming quarter. Bank of England Governor Carney’s will finish the day with a Speech.Yesterday’s markets
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Daily update
