The yen slipped to a fresh three-week low on Tuesday as traders pondered the Bank of Japan's steps last week to tweak its yield curve control policy, while the Australian dollar was soft ahead of the Reserve Bank of Australia's policy decision.
away from decades of massive monetary stimulus, saying it would offer to buy 10-year Japanese government bonds at 1.0% in fixed-rate operations, instead of the previous rate of 0.5%.
Markets generally expect policymakers to hold rates steady but a slim majority of economists favour a hike, arguing that inflation is likely to remain sticky for quite some time. The Australian dollar eased 0.06% to $0.672, having risen 0.8% in July. Meanwhile, Federal Reserve survey data released on Monday showed U.S. banks reported tighter credit standards and weaker loan demand from both businesses and consumers during the second quarter.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yen at three-week low after BoJ shift but eyes monthly gainThe yen softened on Monday, extending losses from a volatile session at the end of last week after the Bank of Japan (BOJ) loosened its grip on interest rates, but it remained on track for its first monthly gain against the dollar since March.
Read more »
Choppy yen at three-week low, euro firms after GDP, inflation dataThe yen softened on Monday, extending losses from a volatile session at the end of last week after the Bank of Japan (BoJ) loosened its grip on interest rates, but it remained on track for its first monthly gain against the dollar since March.
Read more »
Appeals court rules for banks in Sekunjalo matter - but the fight isn't over | BusinessThe Competition Appeal Court of SA found that the Competition Tribunal was wrong to order Mercantile Bank, Standard Bank and Access Bank to either reopen or not close Sekunjalo's accounts. | News24_Business
Read more »
S&P revises African Bank outlook from stable to positiveLender’s resurrection continues since its near collapse in 2014
Read more »
Nigeria's Tinubu appoints investigator to probe central bankNigeria's President Bola Tinubu has appointed a financial watchdog to investigate the central bank, weeks after he suspended its governor, a copy of a letter from the president showed on Sunday.
Read more »
LETTER: It is World Bank data putting SA among the poorest schools performersThe system is full of holes and in desperate need of an overhaul
Read more »