Bank of Japan to be reshuffled next year

Source: Bloomberg
Next year Shinzo Abe will have an opportunity to replace or reappoint members of the BOJ, as their service term is nearing the end. Since the last vote on expansion of the asset purchases was only 5-4 in favour, the Prime Minister may be inclined to change some of the members who oppose ultra easy monetary policy. However, the concerns of the Parliament with respect to the weakening Yen and along with it rising import prices continue to grow, and the lawmakers may not let Shinzo to gain more support within the monetary authority.
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Tue, 04 Nov 2014 11:48:02 GMT

US Dollar weakened as the crude oil keeps falling

The crude oil's price continues to weaken. It reached 80$ in New York at the moment of writing. As a result, the US Dollar depreciates for the first time in five days. The oil slid to the lowest value since May 2012 due to the resistance from the OPEC countries to cut their output, while the U.S. stockpiles expand.

Mon, 03 Nov 2014 13:39:04 GMT

Australian currency slides amid China's factory data

After the release of weak China's manufacturing data the Australian Dollar slumped. The Aussie fell to $0.8757 against the US Dollar at the start of session this morning. The low Chinese PMI negatively affects the demand for Australia's exports, which are already facing a tough period. However, the currency pair can still change the direction, as the RBA is to

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