Australian Dollar watchers should keep a close eye on iron ore prices. They fell sharply last month, albeit from very high levels
The Australian Dollar got a small burst of life on news that Chinas private manufacturing sector did better than its large, state-run partner last month.
The Yen‘s traditional haven role has seen it boosted by trade war and recession fears. However, with domestic inflation decelerating again, it’s gains put the Bank of Japan is in a very tricky spot.
The Austrailan Dollar spiked upward Thursday as overall new job gains were revealed to have been 41,000 in July, well ahead of the 14,000 markets had expected.
The Japanese Yen got a very modest boost from the BoJs expected decision, perhaps as it contrasted with a more dovish Federal Reserve
The Australian Dollar will struggle with low interest rates for a long time to come, but rising iron ore prices will counter at least some of their effects.
The ASX 200 has had a good (trade) war, despite its clear links to both main protagonists, China and the US. It could do even better should US rates head down again.
Most Asia Pacific mainboards were hit again after another Wall Street slide. South Korea s Kospi managed to buck the trend, though, with tech stocks bought.
This week weve seen the Federal Reserve surprise markets while the Bank of England remains sidelined thanks to Brexit.
The March Fed meetings effects are still being felt more than a week later.
The March Fed meeting produced a large reaction by both US Treasury yields and the US Dollar.