Aussie will rebound by the year end

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Source: Bloomberg
© Scanpix/Reuters
The Australian Dollar will rebound by the end of the year amid demand for the world's highest-yielding assets even if the RBA lowers interest rate to a record, the currency's forecasters said. The Aussie will reach $1.05 by December 31 from $1.0268, according to Credit Agricole CIB. The median prediction from analysts is for $1.02. 
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Fri, 05 Oct 2012 08:08:35 GMT

BOJ keeps its asset-purchase programme unchanged

The Bank of Japan decided to refrain from more stimulus and remain its asset-purchase programme at 55 trillion Yen ($702 billion). This was largely expected by economists. Focus now turns to the meeting on October 30 as Credit Agricole and Morgan Stanley expect two consecutive quarters of contraction through the end of the year. "I see a very high chance for easing at the next meeting,"

Fri, 05 Oct 2012 10:07:50 GMT

Yen rises as BOJ refrained from adding stimulus

The Yen rose from near 2-week low after the Bank of Japan kept its asset-purchase programme unchanged. The Yen climbed 0.2% to 78.32 per U.S. Dollar from 78.48 the previous day, when it traded at 78.72, the weakest level since September 19. Japan's currency gained 0.2% to 101.92 per Euro. The BOJ said that the bond-buying scheme will remained unchanged

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