archivetensions in the Middle East

The Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, as investor sentiment boosted after data showed the bigger-than-expected increase in U.S. consumer prices further offset optimism the U.S. Fed will continue to aggressively lower interest rates in the coming months. China is also falling as the markets await potential fiscal stimulus announcements on Saturday. Following the data, Atlanta Fed President Raphael Bostic told the Wall Street Journal he was "definitely open" to leaving interest rates unchanged...

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as Asian shares traded lower dragged by the tumbling Hong Kong market. Traders also reassessed their expectations for the outlook on interest rates after upbeat U.S. jobs data. Escalating tensions in the Middle East is also weighing on market sentiment. The Australian dollar fell after the remarks made by Zheng Shanjie, the chairman of China National Development and Reform Commission at the press conference. The investors...